20 Quotes by Walter Molony

This was the first time we asked about second, third and even fourth homes.

What's been happening in markets with tight supply is you have people bidding over the asking price. That's what's accounted for this abnormal rate of price growth.

We're going to be entering a period of relative balance between buyers and sellers. We're going from a sellers' market to a balanced market.

You get to a certain level of that doing that for a while, and you can't sustain that. Nor do you want to.

We think that sales might ease a little bit in November, but they should stay within a fairly narrow range through the first quarter.

You need to understand cash flow. What's going to be your income and expenses on your property? You need good entrepreneurial skills. You need to have six months of reserves in case things don't work out the way you think it will.

You might as well roll dice. This strategy is ill advised.

This has been fairly consistent over time. Younger people are more likely to move greater distances.

It's not like all of the buyers fell off a cliff. There are still people in the market during this time, just fewer. Some people think it's a great time to buy or sell.