Archive for April, 2008
The bottom of the hill
0 Comments Published by John Bogner April 1st, 2008 in Uncategorized. by John BognerEverybody asks me when I think the market will “bottom out”? The decline in home prices continues to make many buyers want to wait for lower prices before the jump in.
In an effort to provide answers to this mystery, I have spent many hours researching. I believe I have the answer!
On January 27th, 2009, the market will stop declining at 5 pm, Pacific Time. Of course, this will only happen in Northern California with the exception of the town of Hemmit. The market will level off and begin a long quite period with no increase or decrease in values. Since this will be the case, there is no reason to rush into my office and write offers on that date. You can relax and take your time to purchase over the next several years.
I’m sure you are wondering why January 27th? Well, after some interesting discoveries, I believe it is going to be directly related to the after Christmas sales. Once people have returned the stupid stuff they got for Christmas and purchased bargains in January, they will decide it’s time to focus on real estate. Experts at Macy’s and Bloomingdales shared inside information with me and my staff and January 27th is the date all this will happen.
Now you know and you can focus on more important things like what Paris Hilton will be doing next and why beagles are becoming such a popular dog these days.
bottom of market end of downturn real estate market
