Quote:
Originally Posted by FlyingScot
It's related enough, MM. There was a great article in the paper a few days ago that describes how the pandemic has led to some people not wanting to sell/move, and that has caused a ripple effect in the market leading to plummeting inventory, and hence skyrocketing prices, as we see on the lake.
https://www.nytimes.com/2021/02/26/u...uses-gone.html
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I believe many baby boomers are reluctant to sell because they are afraid to be a buyer in this market and afraid they will have no place to go.
I want to sell my house in Ma and move to my lake house but my wife is not ready for that. I personally think this spring is going to be the top of the market or very close to it.
Once we get everyone vaccinated and back to work, the economy is going to heat up and inflation will make interest rates go up.
I don't think it will turn into a buyers market but I do think the price increases will slow down to a more normal market, JMO.