Moody’s calls a Bottom….and so do I……
Posted in Hood River Real EstateDecember 6th, 2007
I’ve been sensing it for weeks…..(Ok, two weeks, but that’s more than one) Barring a financial “nulcear event” (30% Chance, and dropping…slowly)we are in the bottom fifth of the adjustment……Prices aren’t headed up anytime soon, maybe even a year, but the worst of it is behind us.
While that’s grea,t it means new terrain, and the Buyer’s still call the shots. The spectrum broadens, however, with quality and uniqueness extracting a premium AND deficienies penalized harshly……..Time to bring some vision to your pieces, and nerves of steel…Kind of feels like 2001…..
Oh, except the rest of the world still thought America was cool back then….
Maui