This question comes up with both my clients and my coworkers: "When will we hit bottom?" The problem with that question is that there is more than one answer. Are we talking about: Lowest sales price? Fewest units sold in a month? Highest supply of homes on the market? Longest days on market? Lowest (or highest) affordability? Depending on who you are and what you are looking for, your opinion of what a market bottom is will be different. I have a good friend who is a cash buyer and he's looking for a … [Read more...]