After having numerous conversations with a number of Realtors, Loan Officers, and others in the industry I have come to the "conclusion" that the purchase market is going to increase in the spring. The realtors I speak to insist that there are a large number of buyers waiting to buy. As I have written in the past, it is not possible to wait for the bottom of the market.
ALthough I did have a coment who insisted that he could see the bottom of the market and would be the won who could make money because he had cash. I wish him luck but stand by my initial premise.
Back to the point for this post. Interest rates have dropped a bit arfter increasing substantially. I believe as do a large number of my collegues that the spring will bring great improvement in the market. Of course, no one really knows excpet the guy that can see the bottom of the market.
I am interested to hear what you all think. I know there will be a number fo naysayers who will say the market will not come back for two years or more. And you know what? That may be correct. I just dont think so and as the saying goes - even a stopped clock is right twice a day.