Here’s a comment that was left recently by a reader that is a good example of an outlook shared by many people who sat out the housing bubble and have been waiting for “the bottom” or something close to it: Any top or bottom call needs to mention “investor” psychology since I believe psychology is…
Tag: market-cycle
Has the Tide Turned Against Home Ownership?
Now seems like as good a time as any to have another look at the “Cycle of Market Emotions”: The Cycle of Market Emotions By my reckoning, in late 2007 we were somewhere between anxiety and denial, and by mid-2010 we were treading water between fear and desperation. Today I suspect we’ve made it to…
Treading Water Between Fear and Desperation
It’s been quite a while since we had a look at the “Cycle of Market Emotions.” The Cycle of Market Emotions Last time, in late 2007 as prices just began to decline here in the Seattle area, I pegged our location on the curve at somewhere between anxiety and denial. Today I’d guess that we’re…
Somewhere Between Anxiety and Denial
As the mortgage industry begins to crumble and home prices are declining across the nation, the local media and blogging real estate insiders seem to be getting a bit anxious. Maybe it’s just me, but take a look at some of the recent headlines: Home values here still rising (Elizabeth Rhodes, Seattle Times) Seattle-area homes…