Reply to I think the bubble is popping.

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Reply to "I think the bubble is popping."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

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Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too. [/quote]

A lot of real estate is driven by families and they usually move in accordance with school schedules. They want to close on a house to be in a school district by the start of a school year. That's why you have these seasonal impacts on real estate.

It's surely a good thing for the market to cool down but seasonal factors absolutely play a role in real estate.

Those looking for a crash may be disappointed. In the last boom, prices peaked in 2005ish but the crash didn't happen until 2008, and quite late in 2008. You may have a long wait  :wink: [/quote]

+1 My coworker has a kid starting K and they went ahead and rented a bigger house because they couldn't find anything by June.
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