https://nickbastian.com/nick-hows-the-market/ Sun, 30 Jun 2019 14:26:12 +0000 hourly 1 https://nickbastian.com/nick-hows-the-market/#comment-107 Wed, 01 Jun 2011 06:36:27 +0000 http://nickbastian.com/?p=494#comment-107 There seems to really be a lot of interest in real estate market news – everyone wants to know when the market will hit bottom. My reply is always that looking for the bottom as a sign to buy isn’t a viable stratey in real estate. Homes aren’t like shares of GM or buying an ounce of gold or pork bellies. You can’t go out the day the market hits bottom and expect to find exactly the home you want. It may happen, but likely it won’t. Real estate is a collection of uniques. Most people don’t just want to buy the cheapest home on the market. They want a particular area or lot size or a personal selection of options. Sometimes finding that combination takes time – particularly if you’re looking for the bottom. For buyers that are looking for the bottom, they need to be looking NOW – not waiting until some analyst tells them that we’ve bottomed.

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