More Demand Coming Off the Sidelines?I wouldn’t say its a trend, at least not yet, but at my Sunday open house I encountered an encouraging sign for the housing market: a couple in their late ’50’s – early ’60’s, now renters, contemplating buying my client’s (very nice) townhome. Their credit was (more than) fine, they...Read More
Recession, Uncertainty Hammer Big-Ticket PurchasesWhat to know what’s selling today? Not big-ticket items. On a scale of 1-10 (1 is the lowest, 10 is the highest), here is a shorthand — mine — for the magnitude of various consumer (and business) purchase decisions. Just like the Richter scale, this scale is logarithmic, kind of (8.0...Read More
