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Tagged "Opinion"

Piedmont Real Estate Blog

Blog by Julie Emery

Amissville, Virginia

An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area. Julie is an Associate Broker at Century 21 New Millennium, 5451 Old Alexandria Turnpike, Warrenton, VA 20187

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Piedmont Real Estate Blog

Playing Chicken

Feb. 27, 2007

Categorized in: Sellers

Tagged with: analysis, buyers, correction, estate, market, opinion, real, sellers

According to Time magazine, what's going on in the real estate market is a game of "chicken" being played by both buyers and sellers. Sellers are holding to their prices, waiting for buyers to blink. Buyers are holding out for those rock bottom prices, waiting for sellers to blink.

From where I sit, they may have gotten it right!

What do you think?

Here's a link to the article so you can read their opinions for yourself.

http://www.time.com/time/business/article/0,8599,1592751,00.html

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