I guess it’s a semantic. To me, serious buyers are buyers who would be at the current price the market will bare. So with that definition, we’re not serious buyers. You’re right, we’re serious buyers if we get the price we like. We are definitely selective buyers :-).
I think it’s always the weak handed seller that set the price. So the people will lots of equity and does not need to sell, they will go away. The one that’s left are the one that have to sell. They will set the comp. Once the comp is set, the buyer will want less than that for the next home, etc. So we just have to wait and see how many weak handed sellers are out there this spring selling season. Then there’s the easy money from the bank, seems like the easy money is still alive and well.
