End of All Days

Pensacola Milton Homes

"Rates have been headed lower for more than two months as financial markets have become convinced that a slowing economy will help ease inflation pressures and that will keep the Federal Reserve from raising interest rates further." Associated Press Oct 5, 2006

"Deficit Dips to Lowest in 4 Years": headline foxnews.com October 11, 2006

"The current administration is behind in the polls and the election is less than 30 days away." Me, October 12, 2006

BTW, did I mention that the price of gasoline is dropping daily?

Listen, I am as skeptical as anyone when it comes to politics, so who knows what December will bring. I am very disappointed in the current administrations inability to admit mistakes or alter policy for fear of having to admit they were wrong to start with.

Nonetheless, the above are signs of normal market corrections. I may not have expected them this early but market forces always tend to moderate – all other things being equal. We could have anticipated that the rampant sellers market would end when supply caught up with demand. We maybe could have guessed that by wildly over-building (along with rebuilding) we would enter a strong buyers market. But, who knew it would be this soon?

So, barring natural disasters, how soon will this 10 month real estate inventory drop back to the usual 2 or 3 month inventory?

Could it be that in a year we are looking back at this as a great time to have invested?

I’m not trying to make a point here or to view the current disaster-rebound through rose colored glasses. I’m trying to take a look at market forces and guess what comes next.

This is a time that you can pick and choose real estate at prices lower than they have been in 26 months. Some people call that opportunity.

Next time we talk about natural events that alter the market.

So stick around

Jordan
Pensacola Milton Homes