Black Friday Weekend was defined by Bargain Hunters
Posted by Sandra Israelson on Monday, November 30th, 2009 at 1:39pm.I wasn't surprised at all at the news reports that shopping over the weekend was defined by bargain hunters. The report said that more people were shopping, but that sales were fairly flat. The real estate market is showing similar signs. There are more people out shopping for homes than there were just six months ago. But they are all looking for bargains.
The lower end properties are being snapped up fairly quickly - especially bank owned properties. But even in the higher priced segments, buyers want bargains. Sometimes short sales are perceived as bargains, but not always. Bank owned, or foreclosed properties, are almost always viewed as bargains. But most of these properties need quite a bit of work to bring them back to move-in condition.
It will be interesting to see how this season shapes up in terms of sales. But the early signs are positive.
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