Just when you thought we’ve run out of ways to describe to you what is happening in this market, we come up with a lesson on the Intertropical Convergence Zone also known as the “Doldrums”.
“Early sailors named this belt of calm the doldrums because of the inactivity and stagnation they found themselves in after days of no wind.” We have a bit of mortgage pandemonium, a bit of buyer caution, a bit of unrealistic price expectations, a bit of holiday cheer, and a ton of media doom and gloom all coming together to create the San Francisco real estate market equivalent of the “Doldrums”. Don’t panic, the wind should blow again, it usually does so in late January.”
[Editor’s note: Please excuse us.
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