“New Home Sales Surge” MSNBC article indicates strong spring sales have been happening in the US…(and, they feature a RE/MAX sign in the article, pretty good advertising, don’t you think?)
I saw this one coming when a client visiting Pheonix told me on the phone just this week how terrible the r.e. market in the US has become! “Everyone (get this) everyone is saying how bad it is!”
When the royal EVERYONE is saying how bad it is, that is a good sign. When EVERYONE says how good it is, that is a bad sign…Remember the taxi driver advising you to buy TECH STOCKS? Remember EVERYONE wanting to buy real estate? When EVERYONE says that real estate really, really sucks…u better be a buyer if at all possible!