Quote:
Originally Posted by Winsor_Pilates
The tone is somewhat giggle worthy, but rising sales tend the happen much faster than the decreasing sales. After a long, slow market, a lot of people do panic at the first sign of a rising market and jump in at the same time.
A lot of fence sitters trying the pick the perfect bottom of the V, end up buying on the upswing together because they're so concerned with targeting the absolute bottom; and when they've all missed it they try to move as fast as possible in fear it's going up.
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We've been looking to building a house since December, and ever since the mortgage rule change announcement, the show homes have been really busy. There were a lot of prime lots sitting open for the entire month of December/January and now they are being snapped up.