Reply to Spring Market=More Houses?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Completely different viewpoint. 
I think people are less reliant on MLS/Redfin/Trulia/Zillow.  Instead what you're seeing is market transactions that never actually hit the market.  Ie. Homeowner 1 really loves their neighborhood but just wants a larger home.  They talk to neighbors.  They wait.  Homeowner 2 is getting divorced.  Homeowner 1 makes offer.  House never hits market and is sold.  [b]Only shows up as "sold" on any of the typical websites.[/b]
OR 
As developers do... Potential homeowner send personal letters to homes they love in a given neighborhood.  They wait.  Someone responds 6 months later. They buy.  Again, under radar. 
[/quote]

BS.  First off this would show up in sold record which is still way down.

And if RE is becoming an OTC market, I would think we would all agree that things are very very broken.

Maybe this applies in rarefied thinly traded 4M+ markets? Some logic there I suppose.[/quote]

Which I said- it shows up in [b]sold[/b] records.  This happened in my market and I know of four houses in the last 60 days in sub $800k market.  Real estate developer here... we do this ALL the time.  If you're a little guy it makes a ton of sense.  The seller gets a guaranteed buyer... and the buyer gets no competition.  Risk is involved- but risk is always involved.  [/quote]

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