Another week of craziness
Well maybe not CRAZY! just markets that are counter intuitive to what the media is screaming about
.
Spring has brought us new conforming loan rates and a bunch of anxious buyers.
With all the news about the credit crunch getting worse and the housing market collapsing
around us it still amazes me that with the right set of circumstances properties can still receive multiple offers.
Having been on the inside of a few of these it would seem to defy the conventional wisdom of buyers being
in the drivers seat. Now that I have personally been involved in several multiple offer situations I have to ask myself
what is going on. Well as I may have said before price it right and then will come (I actually never said that before)
except in a manner of speaking. Properties still sit and buyers still wait. But now they wait for the right one and
boy oh boy do they pounce. The Bay Area as I have always said is a collection of micro markets, even micro markets within micro markets. Do your homework, if you want a house that several other people want you have to go for it.