When analyzing the market, and the amount of transactions (sides) keep falling and the inventory levels keep climbing, the market begins to enter a new phase, called the “Trough Phase”…Ouch… we do not like this phase do we? Does anyone? No, because the trough is at the bottom and many consumers and professionals cannot even see out of the trough. Some think the sun is not even going to come up again. Some think this is the end of America and its dream. Some think the market will never return to what it was…..and in a way they are right…..but it will bounce back to a peak again but not the way some think it will or thought it would.
The trough phase seems to have all the 3 housing market drivers in a “bad position”. The inventory levels are high, the price points are low and there are few transactions happening. This is not bad for everyone. This is very attractive to investors especially with cash. Many people make their money at this time. They buy Low, lots of inventory and little competition.
The trough phase seems to have all the 3 housing market drivers in a “bad position”. The inventory levels are high, the price points are low and there are few transactions happening. This is not bad for everyone. This is very attractive to investors especially with cash. Many people make their money at this time. They buy Low, lots of inventory and little competition.
No comments:
Post a Comment