I'm a real estate photographer in the DC metro area. I've been doing this for the last 15 years (if you're a photographer and you don't offer real estate photography services, you're missing out on lots of business) and I have a close relationship with many many Realtors. This means they are willing to tell me things I don't believe they would necessarily tell their sellers or most likely their buyers. Anyway, over the last 2 months, Realtors have been saying, in unison, "the market has changed" or "the market has shifted". BUT today, one of my long time Realtor clients told me she is selling her house 1-2 years earlier than she planned because the market is "collapsing". This was her words. She said she is already missing out on over 100k and maybe even 200k on her $1.1 million home. My last photoshoot, JUST TODAY, the homeowners told me they are selling and going to rent until the market "corrects". True, they could be wrong but, hey even the Realtor told me she was going to get 100k-200k less than she would have gotten 6 months ago so...
I'm just happy to see someone getting the hell out of California.
Unfortunately (not blaming California Patnetters, obviously) CA transplants in TX are turning parts of our Great State into shithole they left behind. A lot of Californians better stay in California and enjoy results of their voting habits.
My good buddy finally got fed up and moved hi family from Los Angeles to Dallas in what he refers to as the “pursuit of happiness”
Sold his house in LA at peak and has been house shopping for the past 3months but getting beat out on everything he bids on. He says anything desirable is multiple offer and way above asking.
He finally decided to rent for the time being and take his time, particularly with interest rates skyrocketing.
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