The Mindset of Buyers, Sellers, and Their Agents . . . in Three Words Want a 3-word summary of the current state of the housing market and people’s mindset? Here’s mine by category: Buyers: “Wary.” Not all but many Buyers now are nervous about what they perceive to be elevated housing prices — and what comes next....Read More
A decade ago, housing experts warned — incorrectly, it turns out — of a Tsunami of “shadow” inventory waiting to flood the then-moribund housing market, and drag prices still lower. See, “Barry Ritholtz Issues Mea Culpa on Housing.” The source of all those homes? Banks sitting on millions of foreclosures nationally. Fortunately, it never happened: banks bundled...Read More
“Hot Housing Market Could Cool Off in 2018” –USA Today headline (12/28/17). Long-time readers of this blog know that I put very little credence in supposed experts’ predictions (or anyone else’s, for that matter 🙂 ).** Whenever I see a headline like the one in USA Today this morning, I’m reminded of a colleague’s long-ago...Read More
