Spring market on pause?

[Anonymous]

Is it me just not paying enough attention or did the hot spring market grind to a halt after the real estate settlement announcement? I don't see any new listings or much movement (20008, 20016). Is everyone waiting until July 1?

[Anonymous]

There is a big incentive to wait and see how this shakes out. Many sellers who have their homes listed are not as motivated as they were previously.

[Anonymous]

Anonymous wrote:Is it me just not paying enough attention or did the hot spring market grind to a halt after the real estate settlement announcement? I don't see any new listings or much movement (20008, 20016). Is everyone waiting until July 1?

We were planning to list in May, but we will list after July. 10K flat fee to listing agent and that's about it. We have a listing agent ready. Nothing to buyers agent. It will be around 1-1.5% of price.

2 Months are worth waiting for us.

[Anonymous]

What hot market?

[Anonymous]

I think next spring could see a flood of listings. Lots of sellers will be motivated by not having to pay as much in commissions. It’s going to be huge not to have so much in sunk costs dragging down each transaction.

[Anonymous]

I think it has more to do with the warm weather earlier and now colder weather for a bit.

[Anonymous]

Or spring break

[Anonymous]

Bookmark this and revisit in September. By then the real estate commissions will be handled and time for fall market

The spring market will have pushed up prices in most areas and your can compete with no need to pay above price

[Anonymous]

Its been dead for weeks where we are looking.

[Anonymous]

There is no spring market there is less inventory now where I'm looking than in months passed.

[Anonymous]

Anonymous wrote:There is no spring market there is less inventory now where I'm looking than in months passed.

Same - and we've been looking a couple years. This is much less inventory than the past couple years (at this time of year).

[Anonymous]

Not a real estate agent so no horse in the race, but the more desperate a buyer is the better price you'll get so that extra commission won't matter. I'd be the one listing in May and get 28 bids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is it me just not paying enough attention or did the hot spring market grind to a halt after the real estate settlement announcement? I don't see any new listings or much movement (20008, 20016). Is everyone waiting until July 1?

We were planning to list in May, but we will list after July. 10K flat fee to listing agent and that's about it. We have a listing agent ready. Nothing to buyers agent. It will be around 1-1.5% of price.

2 Months are worth waiting for us.

If you already have a listing agent lined up, what's stopping you from doing this now?

[Anonymous]

golden handcuffs bro...low rates locked in and cant afford the same.

[Anonymous]

Anonymous wrote:golden handcuffs bro...low rates locked in and cant afford the same.

Same here. That's why RE is dead and there's no inventory. People are only selling when they really have to or estate sales or can pay cash for their next house.

I'd think rates would have to drop below 5%, probably get down to 4.5% before you start seeing a lot of people giving up 2.75% mortgages, but it'd also mean the pent up demand pushing prices even higher.