A commentary and analysis on market psychology and timing. Being a Remax owner for 20 years and selling real estate for over 30 years, I have followed the markets closely. Along with Elliott wave theory and various indicators I have called the top in 1987 and the bottom in 1991/92 along with the top in 2005. I am now predicting a probable bottom here in 2009 in our local Bergen County New Jersey markets along with ideas on our national markets.
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With hugh amounts of money in the system, when are they going to give it away again? I got a call last week about 10% down commercial money. I don't know what the programs will be yet, but it is going to happen. There will be a little here a little there, but the gates are going to open. The...
Bergen County homes under contract are trying to hold their lows. After a good spring the seasonal pressures are weighting down volume. Holding last winters low is an important technical pivot to next springs outlook. Declines in prices and low interest rates are possible fuel to having a good sp...