My question is: Marshall mentions the bounce back below. We all know that a large number of people are on the fence not willing to commit to buying. When things do finally turn around, how fast will the bounce back be?
“A lot of potential buyers seem to be waiting this one out. It’s hard to buy a home when you think it might lose value, especially when you have to borrow money to do it. We can expect the issues with jumbo financing to slowly resolve themselves. Meanwhile, demand is accumulating and when the market does level off, there will be a catch-up period,” said Marshall Prentice, DataQuick president.
