SAL&MARIE, Home Seller in Staten Island, NY

ARE BUYERS SITTING OUT SEPTEMBER DUE TO CONCERNS OVER HEALTHCARE, SEQUESTER, FED BUYBACK & INTEREST RATES?

Asked by SAL&MARIE, Staten Island, NY Thu Sep 26, 2013

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7
Bill Eckler’s answer
I truly don't believe the average buyer is that analytical....IMO, the majority of buyers base their search on personal needs and means, placing all of the political nonsense on the back burner.

Just a thought.....what would the real estate market be like if everyone avoided the news and other media sources?

Hug your loved ones, laugh, and keep things in perspective.

Bill
1 vote Thank Flag Link Sat Sep 28, 2013
If they are they will surely miss a good buying opportunity they will talk about for many years to come.
1 vote Thank Flag Link Thu Sep 26, 2013
Keep in mind that buyers buy when they are ready, need to buy, have the means financially, etc., regardless...
1 vote Thank Flag Link Thu Sep 26, 2013
Probably not. People who are out in the world everyday making a living generally aren't consumed with cable news and talk radio.
0 votes Thank Flag Link Fri Sep 27, 2013
Not really ... if anything, rising interest rates may cause buyers to purchase sooner rather than later.

As for the others, those don't often factor into someone's desire and/or need to purchase a home. I was closing homes back in 2008 as the financial system ground to a halt because people needed homes and their loans were solid.
0 votes Thank Flag Link Fri Sep 27, 2013
National Association of Realtors say sales are down 1.6% in August. Interest rates are surely putting a crimp in buyers budget and causing them to re-think strategy. Many either have to settle for lower priced homes, hope sellers will do price reduction or just sit it out. Not a good time for the real estate market now.
0 votes Thank Flag Link Thu Sep 26, 2013
It could be, but there are also a lot of other things that could be transpiring in your area that makes buyers want to wait. No one has an exact answer as to why buyers don't want to buy at a particular time.
0 votes Thank Flag Link Thu Sep 26, 2013
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