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Reply to "Is there going to be panic selling?"
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[quote=Anonymous]I do know a couple of homeowners who will be selling because they have other plans in life and use this as an opportunity to "cash out" whatever equity they got through appreciation and get on with the plans that were long in the making. I wouldn't call this "panic selling", more like "time to seize the opportunity". One of them told me they won't be selling for a discount, the goal is to squeeze the most out of the market, and if they don't get the price they want they will stay. I think cashing out will be happening, but some of this money will remain in the area[/quote]
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