Prepare yourself for the media blast....
James Walker
Tech Savvy Managing Broker @ Prompton. Growing and building a team of energetic, ambitious, and fun humans (or robots)
My two cents: To all the people who own real estate or want to own real estate and are watching the market, prepare yourself for the media blast we are about to face regarding August, 2016.
Historically, August is a very slow month in real estate. Family’s are on vacation, REATLORS are on vacation and the entire market comes to a slow down. This August was no exception and statistically a very, very slow month considering the volatile market we had leading up to this point.
The media is going to pounce on this and tell you that the sky is falling. Be patient, no one knows what is going to happen. The real estate market generally starts to pick up again after the September long weekend when kids go back to school, families are back from vacation and everyone gets serious again.
We have no idea if the market is going to fall or pick right back up where it left off. Has the foreign buyer tax crippled our market? Or is everyone sitting back and just waiting to see who will make the next move, so far it seems as though neither the buyers or sellers are budging.
Long story short, do not get caught up in the media storm that I assure you is coming, be patient if and wait to see what September brings (or doesn’t bring).