Bubbleheads
Posted by John Lockwood on November 12th, 2006
Well, I’ve been having some interesting times on my Sacramento County blog for many months now, because I haven’t been bearish enough on the market out here.
Especially lately, with three escrows open, two more referrals to close, and another offer in the pipeline, I’ve been feeling like I’m on a pretty handy little roll here.
Lately there’s been some excellent writing around about the folks who want to wait and the folks who are already taking advantage of the bargains that we’re starting to see. Steve Berg had a great article recently were he talks about the Bubbleheads in the San Diego market and the shrinkage of inventory. I share Steve’s opinion that:
The moral of this story is that trying to anticipate the future market and precisely when may be the perfect time to buy or sell is a losing proposition.
An interesting counterpoint however also appeared recently. Julie Jalone writes today about how there are folks ready to take advantage of the down market already, and folks who prefer to wait longer to watch the prices drop more, and how her business as a Realtor® is to be open to serving her clients well in either case.