Up here on the North coast, things have been getting a little weird in the realm of Lonnie deals. I agree with Ryan that folks who are selling are sticking it out a little longer and holding tighter to their asking price.
On the flipside, those people already in homes of ours are abandoning their homes at the first sign of trouble. I actually had someone last month, put 1,000.00 down to move into a home, and as soon as the first rolled around and they were scheduled to move in, they called and changed their mind. Apparently the guy heard rumors of layoffs, and did not want to get into something he might regret. Told me to keep the grand and just walked away. Didn’t even fight, just ran.
With the investors, I have deals earning them 15-18% sitiing on the table and a lot of them are holding off, waiting for the next one. I have not seen the private money shift much from the stock market over to the mobile homes. A little, but not as much as I had anticipated. Not complaining, but it’s turning me into a better salesman I guess.
I’m also getting a ton of buyer leads, as Anne mentioned, where people are making 600-800/month, and want to move in paying 400-500. My lead gen numbers are up, but they are skewed because of the lack of income or employment within the household.