Lots of Buyers Waiting - A Positive Contrarian Indicator
An example of a contrarian indicator. It is a great time to own stocks.... This positive sentiment can actually be negative. Because if everybody thinks it is a great to own stocks, they should be fully invested. Leaving no cash on the side lines to buy.
How this applies to today's Real Estate Market? There are a lot of buyers out there looking, kicking the tires and saying, "I think I will wait".
In otherwords, there is a lot of Guns Loaded and Ready, on the sidelines, ready to step in.
This is in sharp contrast to the downturn of 90-95, when most potential buyers were either being relocated out of state, or were afraid they were going to loose their job.
While we have had a MASSIVE drop in price over the last year, it is likely that buyers will STRONG HANDS will be stepping and buying up the property of the WEAK HANDS.
Which leads me to my next post.
How this applies to today's Real Estate Market? There are a lot of buyers out there looking, kicking the tires and saying, "I think I will wait".
In otherwords, there is a lot of Guns Loaded and Ready, on the sidelines, ready to step in.
This is in sharp contrast to the downturn of 90-95, when most potential buyers were either being relocated out of state, or were afraid they were going to loose their job.
While we have had a MASSIVE drop in price over the last year, it is likely that buyers will STRONG HANDS will be stepping and buying up the property of the WEAK HANDS.
Which leads me to my next post.
posted by John Dumke at
8:50 AM
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