As we watch the Dow and NASDAC bounce up and down over the last weeks, we can easily see the similarity between the stock market and the real estate market. Both are affected by the national economy and investors' fears of a recession. And both have people waiting on the sidelines for "the bottom" when they will jump in and invest. The problem is that you can never time it exactly right...you never know until values start moving up, and then it's too late. Leslie Appleton-Young, economist for CAR whom I quoted in my post a couple of days ago, says that real estate buyers are out there waiting until they think prices are reasonable. "Nobody rings a bell at the bottom of the market," she said. "Everybody's waiting for the bell."
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