by AD ➕follow (1) 💰tip ignore
« First « Previous Comments 1,220 - 1,259 of 5,566 Next » Last » Search these comments
Builder has homes listed $40k less than our contracted sales price.
https://finance.yahoo.com/news/home-prices-falling-faster-now-194540822.html
Home prices are falling faster now than in 2006
https://www.reddit.com/r/realtors/comments/xvqpgu/what_do_you_guys_think_of_the_highlighted/
What do you guys think of the highlighted verbiage concerning the commission adjustment if the offer is less than asking? I don't remember ever seeing this condition in my area. It certainly wouldn't stop me from showing the property, but I'm curious as to how common it is in other areas.
Bu out here, they'd damn the listing to sit there forever since no buyer agent will have incentive to show it.
FortWayneAsNancyPelosiHaircut says
Bu out here, they'd damn the listing to sit there forever since no buyer agent will have incentive to show it.
Don't Realtors have some kind of duty to show the house if it meets their buyer's parameters?
Boise, ID;
With buyers and sellers behaving as they are, it’s impossible for me to imagine that we won’t witness a fairly significant median price decline once today’s pending transactions close. Twitter is full of comments about low inventory keeping prices stable, and of course that is true to some extent. But even with today’s low inventory, I’m seeing desperate sellers willing to accept less for their homes, and buyers poised to take maximum advantage. What can we expect to see once today’s record number of homes under construction hit the market? Or if the layoffs the Fed is aiming towards put sellers in a position in which they’re forced to begin selling assets? The fact that I’m already seeing what I’m seeing with inventory still at historically low levels is a rather bad omen for the housing market of 2023.
Very few newcomers can afford a house. Makes more sense to rent.
FortWayneAsNancyPelosiHaircut says
Bu out here, they'd damn the listing to sit there forever since no buyer agent will have incentive to show it.
Don't Realtors have some kind of duty to show the house if it meets their buyer's parameters?
zzyzzx says
I agree. As some of you know, I just bought my first house 4 months ago just outside of Nashville. We finally got out of CA and bought a home well within our means. I have always been someone who had hoped for a housing crash, but until we see a major job-loss recession, I don't see desirable areas dropping much because there are very few renters in those areas. People have to live somewhere and moving is expensive and disruptive, so they'll just hunker down and hold onto their existing place at all cost. Of course, I could be very wrong.
People here are posting good reasons why this can occur (job recession would be my leading guess) but AT THIS TIME the co...
Areas with lots of renters/investment properties will get slammed.
Areas with lots of renters/investment properties will get slammed.
« First « Previous Comments 1,220 - 1,259 of 5,566 Next » Last » Search these comments
https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.