The Impending Summer of Fear
Timing is the key; the adage “buy low and sell high” will likely ring very loud in the impending months ahead. Most banks I talk to today believe the housing market will collapse after the peak Summer selling months are over; some think closer to the end of the year. All believe it depends on how long the moratoriums last and if their current policy of eternal moratoriums will finally end or not. I am telling all of my buyers to wait until the end of the year to buy after the crash. My sellers, I tell them that July will likely be the peak or the high mark of this current seller’s market. Don’t fear, do your homework, and time your decisions wisely!