How bad could it get? What else could happen? The market could deteriorate into a cash-only environment, where the buyers and sellers who can avoid mortgages altogether are the only players left. If mortgage rates get into the 7s and 8s, the temptation for financed...
Jessie says we are in the top 3% of local realtors, which means she is counting 16,000+ agents in the county. She doesn't include out-of-area or off-market sales, and because we made it into the Compass Top 50, we're hoping it might mean we're a little higher. Stay...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Most areas look healthy (ratio of 2:1 or better), and those in red have very similar to numbers to last spring which was probably...
The critical point in this video is when the second seller dropped 7% to make the sale after just three weeks on the market......even though that was 10% under the last sale that backed to power lines. This is what can happen. Did they have bills to pay? Did the agent...
This is the house that received THIRTY offers last month. My thoughts: The supply of houses priced under $700,000 is scarce, with overwhelming demand. This is all you're going to get from now on, and it won't get better. I feel sorry for the kids. My buyers offered...
This is from NYC but it still applies - and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold. An excerpt: His findings (above) show discounts steadily rising around 2 to 2.5 percent...
It's impressive to see so many high-enders go into escrow this quickly - these are the NSDCC homes listed over $4,000,000 than have gone pending since the first of the year: Not mentioned above is the listing that hit the MLS on January 3rd, went pending on the fifth,...
Some people haven't gotten off the couch yet so it's hard to say if all of the comments are an accurate depiction of what's happening. But those who are willing to leave an upbeat tweet must feel pretty good about them, knowing that the wrath of real estate twitter...
Have you noticed that the doomers are just speculating that the market is bad, mostly based on the median sales price? Is that all you got? Believe what you hear from the street.
