tag:blogger.com,1999:blog-33399132.post7710686093774402570..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: Is it a bottom? Or just one strange month?Richard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-33399132.post-6767077674436114562008-09-05T08:16:00.000-07:002008-09-05T08:16:00.000-07:00"cash buying is a powerful indicator of a bottomin..."cash buying is a powerful indicator of a bottoming market"<BR/><BR/>Says who?<BR/><BR/>My guess is that you are assuming that cash buyers are dispassionate investor types who are seizing a market opportunity.<BR/><BR/>Often cash buyers are older people with cash from a previous sale moving into a smaller house, or foreign buyers.<BR/><BR/>Neither group is what I'd consider "smart money".<BR/><BR/>Plenty of stupid people pay cash too. But there aren't enough of them to put a floor under the market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33399132.post-40307134010924926112008-09-01T21:52:00.000-07:002008-09-01T21:52:00.000-07:00Real Estate demand typically slows in the winter b...Real Estate demand typically slows in the winter because of the holidays. I don't think this demand will hold up...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33399132.post-92048961931624326712008-09-01T15:05:00.000-07:002008-09-01T15:05:00.000-07:00Just from a pure technical analysis, I'm not sure ...Just from a pure technical analysis, I'm not sure that this can be a bottom. A real estate cycle is typically very long. I believe 10-15 years? Shorter for the metro areas.<BR/><BR/>2 years from the high is not enough time to get to the bottom?Anonymousnoreply@blogger.com