- International buyers. In short, they do not feel welcome here. In fact, I'm helping them get money out of the country ASAP...selling at losses. They are buying in the EU.
- Domestic pied-a-tier buyers. While they may be wealthy, they do not feel good about the future. They are not buying big-ticket luxury items such as second homes. They are staying in hotels instead.
- First time home buyers in their 20s-40s. They have good jobs and make good money. But they don't feel good about the future. They are renting and saving. They have a wait and see attitude.
The only group that are buying is the "must buy now crowd." The classic example is a couple with twins expecting. They live in a studio and need a 3-bedroom asap.