Well, that’s that the NAR is reporting. David Lareah, chief economist for the NAR says we are now in a solid buyer’s market. The events in the stock market of late have supposedly scared off many of the speculative RE investors and many of the little guys have followed them. As the speculators have left the building, the market has softened. (Perhaps the market is the same as it has been, and it’s just the attitude that’s softening.) At any rate, things are changing.
If you would like to read the story from Bankrate.com that discusses this shift in much more detail, click here.
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