My wife and I went to apply for a mortgage as we saw a piece of property that interested us. Considering that I am always interested in knowing the state of the market I asked the mortgage broker how business was.
She said, “we are really busy right now.”
I looked at her and asked, “how come?”
She replied, “no idea, but it seems people are getting it into their minds to buy.”
Of course there is a spring effect and that now is a time to buy due to seasonal effects. Though what was interesting is that she said that they were really busy, as in, “wow we have not been this busy in a long while.”
Remember that this is the Swiss market we are talking here. Though three weeks ago when I was in California I had a chance to talk to the locals and they said many people were thinking of buying.
What this tells me is that you should not bet against the market, and I wonder if maybe now might be a time to buy stocks like Home Depot.