The Season’s Silent Nights
Housing is about to transition to the Holiday Market, the slowest time of the year for real estate, when both supply and demand drop to their lowest levels of the year on New Year’s Day.
Due to all the holiday distractions, from the week before Thanksgiving through the end of the year, supply and demand will plunge.
That was quick! All the kids just went door-to-door trick-or-treating, filling their pillow cases full of as much candy as they could carry. Lawns were garnished with cleverly phrased tombstones, and giant spiderwebs blanketed houses and trees. There were large blowups, skeletons that stretched to the sky, and creatively carved pumpkins glowing from the candles within. In the blink of an eye, all the decorations disappeared, neatly put back into their boxes and placed back onto the shelves in the garage. Starbucks launched its next set of holiday cups, and advertisements began reminding everyone that Santa was back and the shopping season had arrived. Meanwhile, some of the neighbors started trimming their homes with lights. The holidays have arrived!
It is an excellent reminder that housing is about to transition from the Autumn Market to the Holiday Market, from the week before Thanksgiving through the first couple of weeks of the New Year.
Excerpt taken from an article by Steven Thomas.
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