Bane,
Let me put this in persepective for you. Are you one of those people who rushes out and stands in line for 5 hours starting at 1 am so you can be one of the first 100 people into the store on Black Friday and get the special prize? Or are you one of the thousands who price their shopping to what they see in the advertisements and then are shocked whenthey show up to the store at 6 am?
Currently housing is in Black Friday mode. Sure, SCREAMING deals are being advertised to drive demand, problem is there are only a few of those deals, and alot of them dont actually sell for the advertised price. So alot of people are kinda left out in the cold. This gives the impression that we are back in 2005, which is just what alot of people in the RE industry want.
It isnt true though. We had a very good 2007 black friday, and everyone was all excited about the holiday shopping season pulling us outa the retail funk we were in last october. It didnt last, and retailers had to start discounting even more than before to drive sales. So sleeping in and waiting 20 days got you the better deal, once everyone else stopped shopping. Take a nap bane, October is gonna be a much nicer time to shop.
