A realtor told me today that as soon as prices drop a little more, the sales will really pick up. There is so much pent-up demand, he said. His buyers are waiting on the sidelines, but it’s interesting: the same buyers waiting in the spring for prices to drop said they’d buy in July; in July they said they’d buy in September, and now they say they’ll buy next spring. I told him that buyers are holding out, so the lower prices go, the fewer people will buy because they wait to see how much lower prices will go. He quickly interrupted me to remind me of the pent-up demand. This guy is bearish, too. I think it’s hard to be impartial when you’re a realtor. They either believe you can be safe by buying “superior properties”, or that prices will fall for another year or two but only a little bit and then will pick back up again, or they say there’ll be a spring rebound, etc. He tried to talk me into getting a realtor license to give me creditbility for my website, but I think having a realtor license would make me less credible, and more of a salesperson. I still haven’t found a realtor who wants to face the reality.
