Reply to Market is changing in favor of buyers in N. Virginia

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's almost June, I swear this exact same question/observation is posted every year.[/quote]

Hmmm. I wonder why?

Maybe because it is of huge interest, and it is different every year?[/quote]

But it's really not that different every year. I think a lot of people are interested and want to identify trends in the real estate market, yes -- but they mistake normal seasonal cycles for trends and want to make big declarations about "the market".

The cycle of a summer slow-down DOES happen every year, regardless of interest rates, macro-economic conditions, etc. And every year, somebody declares the market is "slowing down" or "shifting in favor of buyers". But it is seasonality -- not a market-level decline in home values, not something influenced by a bigger national trend like lending issues/foreclosures/job losses, not a housing crash where "we're in a buyer's market now" and it's going to stick until macro-economic conditions change. Can the summer market slow down a little more or a little less because of interest rates or regional conditions? Sure. But the summer slow-down is a seasonal thing that happens no matter what.

[/quote]

So…scroll on by? Rather than crapping on a thread others are clearly interested in? [/quote]

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