Signs of the market are everywhere. I am not talking about economic indicators or several old men sitting around a table on T.V. Sunday morning talking about what they think. I am talking about the little indicators I see every day.
I deal with building developers and potential buyers every day. I hear both sides of the argument; DC is too expensive to buy in, DC isn’t making me money on my development so on and so forth. I also see plenty of people buying homes and plenty of buildings filled to capacity.
One thing I dislike is when a developer or agent tells me how great a building is and how they have buyers lined up to purchase. Please don’t tell me one thing and let me see another. The picture above doesn’t say a building is great, it says a developer is desperate to move units.
Do you know of any other signals that you look for to see if a building is popular or having difficulty moving units? I always say customers are the smartest consumers and have the best tricks for seeing value. What’s yours?