Comments on: Are we prepping for a buying binge? http://repdx.com/2007/09/07/are-we-prepping-for-a-buying-binge/ Portland Oregon Real Estate Search Fri, 13 Jan 2012 20:31:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Leo http://repdx.com/2007/09/07/are-we-prepping-for-a-buying-binge/comment-page-1/#comment-265 Leo Tue, 11 Sep 2007 22:50:14 +0000 http://www.repdx.com/2007/09/07/are-we-prepping-for-a-buying-binge/#comment-265 There's a good reason why there is "a wealth of properties to sift through:" Prices are too high and are generally expected to fall. This is a self-fulfilling expectation, just as rising prices during the boom were a self-fulfilling expectation. The same mechanism that drove prices up(mass psychology) will now drive them down. No one wants to catch a falling knife. I would not bet on a buyer's storm this fall (or the next). There’s a good reason why there is “a wealth of properties to sift through:”

Prices are too high and are generally expected to fall.

This is a self-fulfilling expectation, just as rising prices during the boom were a self-fulfilling expectation. The same mechanism that drove prices up(mass psychology) will now drive them down. No one wants to catch a falling knife.

I would not bet on a buyer’s storm this fall (or the next).

]]> By: James http://repdx.com/2007/09/07/are-we-prepping-for-a-buying-binge/comment-page-1/#comment-264 James Mon, 10 Sep 2007 18:52:28 +0000 http://www.repdx.com/2007/09/07/are-we-prepping-for-a-buying-binge/#comment-264 I respectably disagree. It's already mid September, and the numbers that I've been crunching and observing says the contrary. I cannot see how buyers will suddenly materialize when more and more people are nervous about the economy and war. I believe that the number of available houses will do down in the next few months more from people withdrawing than from sales. I respectably disagree. It’s already mid September, and the numbers that I’ve been crunching and observing says the contrary. I cannot see how buyers will suddenly materialize when more and more people are nervous about the economy and war.

I believe that the number of available houses will do down in the next few months more from people withdrawing than from sales.

]]> By: Rhonda Porter CMPS http://repdx.com/2007/09/07/are-we-prepping-for-a-buying-binge/comment-page-1/#comment-263 Rhonda Porter CMPS Fri, 07 Sep 2007 22:31:28 +0000 http://www.repdx.com/2007/09/07/are-we-prepping-for-a-buying-binge/#comment-263 Actually, yesterday I recommeded locking in before the jobs report. Since the jobs report was a big surprise, rates improved today. I do stand by my advice that if you have a transaction in progress, check with your LO to make sure you're locked. Do not assume you are. A good faith estimate is not a lock confirmation. Actually, yesterday I recommeded locking in before the jobs report. Since the jobs report was a big surprise, rates improved today.

I do stand by my advice that if you have a transaction in progress, check with your LO to make sure you’re locked. Do not assume you are. A good faith estimate is not a lock confirmation.

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