The January Thaw in Sacramento County

Posted Feb 6, 2008 @ 6:11 pm, Viewed by 550 Visitors, Read 551 Times.

Former FED Chairman Alan Greenspan recently went on record as saying something to the effect that he felt he was not much better at forecasting general market trends now than he was when he started in the business.

So if a respected economist like that lacks a crystal ball, the fact that a guy like is surprised should come as no surprise. 

The real estate market always surprises me.  My most recent revelation was that we've been paying far too much attention to the supply side of the equation, and we neglected one simple fact:  when supply increases, prices drop.  When prices drop, up goes demand!

As a result, in January we started to experience a huge influx of new buyers.  You can read more about Sacramento County's "January thaw" here.

  • Rate this Post!
  • Print

This Post Has No Comments.

REW Blogs User Stats
Currently Online Users: 0
Total Users: 2,373
Entries: 7,488
Unique Views: 6,287,175
Total Views: 6,616,519
Total Comments: 9,224
Total REW Points: 510
Elite Properties

Elite Properties As Broker of Elite Properties, I enjoy leading a team of exceptionally talented and congenial professionals who are absolutely committed to our clients success. Read More

This User's Stats
Blog Entries: 11
Average Blog Rating: 0
Unique Views: 5,999
Total Views: 6,047
Comments Posted: 2
Comments Received: 1
REW Points: 0
Relevant Reading
REW Bloggers
REW Community
New Bloggers
Blog Features
Syndication