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Real Estate
Reply to "Argh - Where are the houses for sale???"
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[quote=Anonymous]seller expectations are still way off. there are a couple motivated sellers and those go under contract in 1-2 weeks, but the rest are pushing for peak pricing again and not transacting. they want to pass their loss on to you. meanwhile developers are trying to sell for astronomical price increases, but as you can tell from the last few months, they chunk off 10% of the list price two to four times before it finally goes under contract. the only 'trouble' out there is for a buyer who overpays for a house this Spring. then more sellers will list, thinking that is the market, and it's not, it was just an impatient blip, and prices and supply & demand will revert back to finding their floor. we've already seen 2 identical new builds go for vastly different prices within 6 months, and they are right next door. one buyer was impatient, the other buyer knew fair value. [/quote]
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