Buyers’ bizarre expectations

Mood of the Market
Published on Sep 8, 2009

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by CareyBot

It's always been a source of annoyance for me when people talk about the real estate market like it's the stock market. They say it's "good" or "bad," in a blanket fashion, when they typically mean that it's good or bad for sellers. In fact, a market that is good for sellers is inherently less favorable for buyers, and market dynamics that favor buyers are less kind to sellers. So, it's never really a bad market for everyone and, to be glass-half-full about it, it's always a good market for someone -- whether that someone knows it or not.

But lately, I'm seeing less of this problem. There's a new popular misconception in town. It suddenly seems de rigueur for both sides to think that the market is great -- so great, in fact, that real estate consu