I have always found it interesting that when prices are going up it is perceived as a very "positive" market. When prices start to drift lower for some reason it is judged as "negative". When you are a client who is out of the market, (usually new in town, renting or living at home), a rising market can make you sick to your stomach. If you are able to submit an offer, you seem to always be in competition. I guarantee these clients are not perceiving the market to be positive!
When the market drifts the other way, as is happenning now in the detached housing market, prices are falling and many clients perceive that this market is
negative. I guess it just depends on your angle of vision. One thing for sure, you need to know where we are in the cycle, and whether the market is positve or negative depending on whether you are a Buyer or a Seller. Proper knowledge of our Real Estate cycles can save you thousands of dollars and a lot of heartache!...we can do that. Call me, Brent Eilers today and get properly informed.