Comments on: Nationwide Pending Home Sales Highest in 3-1/2 Years http://bostonrealestateblog.bushari.com/nationwide-pending-home-sales-highest-in-3-12-years.htm Your connection to Boston Real Estate Fri, 06 Aug 2010 16:25:21 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Ryan Ward http://bostonrealestateblog.bushari.com/nationwide-pending-home-sales-highest-in-3-12-years.htm/comment-page-1#comment-4633 Ryan Ward Thu, 10 Dec 2009 17:43:03 +0000 http://bostonrealestateblog.bushari.com/?p=990#comment-4633 I don't know if I want to be in the market of "calling" the bottom. Instead, these pending home sales show positive signs. I think that is a better way to put this. Forced forward by the tax credits passed by congress, more sales will beget lower inventory. Those forces together would bring us back into balance, but there are more forces acting on the real estate market than just those two. What we can say is it is getting better, not worse. Or at least for those areas that are still getting worse, it is getting worse at a slower rate that continues to decrease. I don’t know if I want to be in the market of “calling” the bottom. Instead, these pending home sales show positive signs. I think that is a better way to put this. Forced forward by the tax credits passed by congress, more sales will beget lower inventory. Those forces together would bring us back into balance, but there are more forces acting on the real estate market than just those two.

What we can say is it is getting better, not worse. Or at least for those areas that are still getting worse, it is getting worse at a slower rate that continues to decrease.

]]> By: Jeff Persons http://bostonrealestateblog.bushari.com/nationwide-pending-home-sales-highest-in-3-12-years.htm/comment-page-1#comment-4626 Jeff Persons Sat, 05 Dec 2009 14:15:15 +0000 http://bostonrealestateblog.bushari.com/?p=990#comment-4626 Market bottoms are indeed hard to call. I was a stock market trader for a number of years before i got into real estate and In the stock market it seems that we put a bottom in when everyone has sold and given up. Once everyone has sold there are only buyers available anyway. Bottoms seem to come when everyone gives up on finding the bottom It would seem that the first wave of Boston real estate buyers coming in the spring will be very busy and maybe even set off a bit of panic buying, but the activity is being faked by the tax break incentive. I think this will be sold into by sellers who have been wanting to sell. This is why I have been saying that the 8K goes to the sellers in the end as they just jack up the price inside the flurry of demand. After the deadline has passed, we will see if we are running low on sellers. Once that happens, the demand is satisfied, the market has a chance to stabilize and move higher. This can take longer than anyone predicts and there is a possibility of the market languishing after the tax credit has expired and we could move lower in prices as well as transactions. This could go on for years but I've got to believe that the real estate market (barring any exogenous events like terrorism) will start to strengthen in 2010. It is a market however so who knows? Market bottoms are indeed hard to call. I was a stock market trader for a number of years before i got into real estate and In the stock market it seems that we put a bottom in when everyone has sold and given up. Once everyone has sold there are only buyers available anyway. Bottoms seem to come when everyone gives up on finding the bottom

It would seem that the first wave of Boston real estate buyers coming in the spring will be very busy and maybe even set off a bit of panic buying, but the activity is being faked by the tax break incentive. I think this will be sold into by sellers who have been wanting to sell. This is why I have been saying that the 8K goes to the sellers in the end as they just jack up the price inside the flurry of demand.

After the deadline has passed, we will see if we are running low on sellers. Once that happens, the demand is satisfied, the market has a chance to stabilize and move higher. This can take longer than anyone predicts and there is a possibility of the market languishing after the tax credit has expired and we could move lower in prices as well as transactions. This could go on for years but I’ve got to believe that the real estate market (barring any exogenous events like terrorism) will start to strengthen in 2010.

It is a market however so who knows?

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