Some buyers are holding off purchasing thinking that values will drop,
ignoring major market fundamentals.
Timing the Market: For decades buyers have missed golden opportunities to purchase trying to time the market perfectly.
Gone are the days of mass appreciation, multiple offers, and selling prices way above the last sale. 2014 has been markedly different from both 2012 and 2013 when homes flew off the market and values were absolutely soaring. As a result, some buyers are now attempting to time the market, anticipating that prices will reverse course around the corner. They are sitting on the fence waiting for a more advantageous time to purchase. Unfortunately, they are arriving at this decision without all of the facts.