Oracles & Market Psychology In Real Estate

INMAN NEWS evaluates market psychology in real estate. These “psychology of the market” articles are introspective, depressive, and obsessed with the unanswered question, “when will it all end.” “When will buyers cease to be anxious and scared, when will sellers be more realistic about price, terms, and condition of the property?” When will the market come back?” Realtors fret over this, understandably.

The Oracle at RealEstateBlocks, will answer these questions! It takes six months from the date of the market’s negative break point. This is the ninth real estate recession or decline in sales activity since the 1961.

The real estate market’s negative break point this time occurred on, or about, October 25, 2007. News of the mortgage market crisis hit the week of October 25th, 2007. On “Black Thursday” I sent emails to all my clients, professional associates, investors, and friends warning them of a serious market decline lasting at least two years.

I hate to admit this, but I recall the real estate recession of 1962. I remember it because I was studying for the real estate agents exam at the time. I was 18, and you had to be 18 to take the real estate exam in California.

The market, in terms of sales, will be psychologically adjusted on or about April 25, 2008, to pick a date. This statement should not be taken as arrogance. Just boredom. After experiencing nine of these market downturns, there is a certain ho hum here we go again aspect to the psychological adjustment period of market downturns.

Realtors may now sleep in peace. Awake on April 25th, 2008! Voohwalla, there will be a new market with realistic buyers and sellers!

I recommend hibernation to title company employees, Realtors, and mortgage brokers.  But, then again, I’m a bear!