The market is not what I would call strong but it is more aptly described as balanced. There just arent a huge number of homes out there today, far less than a couple years ago. While there arent tons of buyers there are plenty out there for the limited number of good homes at relatively affordable prices (i.e. under 600K).
With each drop in prices, more buyers get in the game. Breeze will have no problem finding a home in a couple years. That is not the question. The question is whether he will find one that he actually likes.
I have several clients who I go out with every 6 to 8 weeks to see what is on the market. They are waiting for lower prices. They are looking at homes priced well above what they will ultimately spend in hopes they drop to the very bearish levels they are waiting for. We have seen 100’s of houses and most have not seen more than 1 or 2 homes the actually liked. The best homes tend to be in the strongest hands and I just dont see these homes being dumped on the market en masse at the market bottom.
