Can someone please explain the current market to me? When to buy?

[Nathan Asher Robson]

Reading some books, and slowly starting to understand the market a little better.

However, I’m a little confused on what the housing market is today?

We want to wait for the “bubble to burst,” before we purchase properties, right? Because then the demand to sell will be a lot stronger for us to make better deals.

When is this time coming in America? It’s approaching soon, correct?

[Joe Villeneuve]

The status of the General Economic Market has an impact on the General Real Estate Market, but very little on the analysis of any given RE Micro-Market.  If you spent your time wondering/waiting on the GEM for the right moment to pounce, you will miss opportunities all over the place in the GREM.

A poor GEM just means the deals are harder to find in the GREM, but not impossible. It also means REI's must actually be good at analysis of RE Markets to find the RE Micro-markets ..which is true regardless of what the state GEM is in.

Keep this in mind, "The things that come to those who wait, are the things that are left behind, by those that get there first".

So learn how to analyze GREM's, and just get there first.