Wednesday, July 29, 2009

Sorry for the lack of posts folks

There is not much to say.

It's hot and the heat has been affecting the rational part of many buyer's minds.

I see sales which have sat there for months, suddenly going for at or near the listing price, as multiple buyers chase it up, worried that if they don't buy now the Kingdom of Heaven will be barred to them for ever!

In any case the last two days I have seen more listings and less sales. Lets see if this is a trend. I will tell you if it continues.

As Robert Prechter said:

The news at turning points is too strong for people to act contrary to it...fundamentals so intensely support the continuation of a trend, just when it is ready to reverse.