Wow it’s been a hectic season! Considering the worldwide economic crisis that I hear and read about, Buchman real estate seems to be in a bit of bubble, unaffected by what’s going on around the rest of the world. I have been in undated over the last 2 months by buyers looking seriously to buy this summer. The majority of these buyers are local Israelis, mainly looking to move to Buchman from other areas of Modiin.

No doubt, the time of year is a major contributor: families with school-aged kids always like to move homes during the summer months so as not to disrupt or uproot the kids during school term. No less than any other year, there have been a lot of clients looking to buy and sell their homes in order to move in by September 1. But, this traffic is already beginning to slow down and will likely die out by Rosh Hashana until spring of next year, please G-d. However, I think an even more significant factor to the demand for housing is the shortage of new construction in the area. That which is being built is 1. smaller than previous homes, 2. deep, down in South Buchman, far out from the rest of the world, and 3. nowhere near ready to move in.

So, with only a small supply of quality homes on the second-hand market, from vendors who are truly serious about selling, buyers are faced with very little selection and little bargaining power.