Doubt Creeping into Some Buyers' Minds?
More indications that the Seattle area is still red-hot:
Compared with median prices for homes and condos sold a year ago at this time, prices were significantly higher throughout the county last month, according to the Northwest Multiple Listing Service's latest numbers.Red-hot, but with a slight sense of doubt perhaps creeping into the minds of some people:
The number of days that those homes and condos were on the market before selling have also declined sharply from a year ago -- an indication that demand from buyers remains strong, despite a sharp decline in the number of available properties on the market.
"I think, personally, we're seeing it's still a seller's market," said Conger, although she added, "I don't get quite the sense that people are as frantic when they're buying" as home buyers were a few months ago.So it seems that some people may be letting reality creep into their frantic craze to get in on the housing market in the Seattle area. I think my favorite quote from this article is near the end, from the real estate agent Pat Conger:
Conger said she has noticed an increase in the number of clients expressing concerns over the possibility of a housing bubble.
While Conger acknowledges "I don't have a crystal ball," she said, "I tell people, 'If you're ready to buy (a home), you should buy.'"No kidding? A real estate agent is telling people to ignore the looming doubt and buy, buy, buy! Who could have guessed?
(Clayton Park, King County Journal, 08.06.2005)
1 comment:
"... you should buy..." That's been one of my jokes for a long time. If you come upon the scene of an accident and a person is near death. How can you tell if he is still alive? If he/she is a real estate agent He will say "Today is the best time to buy." If he doesn't say that you know s/he is dead.
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