Look for more homes to get listed as people get comfortable with the new mortgage levels (boiling the frog) and find that next house (bigger, smaller, better, blue) - but they are in a house now - and need to sell first. Little do they know, their neighbor saw the same next house - wants to buy it too- and lists their house. I am watching for a pop in listings as this chase begins (happening in our Atlanta suburb right now).
Look for more homes to get listed as people get comfortable with the new mortgage levels (boiling the frog) and find that next house (bigger, smaller, better, blue) - but they are in a house now - and need to sell first. Little do they know, their neighbor saw the same next house - wants to buy it too- and lists their house. I am watching for a pop in listings as this chase begins (happening in our Atlanta suburb right now).
Technically, Anirban is wrong because he said the recession would start on September 5th.