Mixed Signals...
...what are we supposed to believe is really going on in real estate
you have heard us talk about how rates have come down into the 5's
we are also seeing that most sellers are barely getting any showings
so what type of market are we actually in right now?
let me do my best to explain it
- buyers are absolutely looking at more homes online now
- buyers are excited about lower rates and payments
- buyers are still waiting to see more homes come on the market
- sellers that had listings expire on 12/31 are just getting ready to list again
- most existing sellers haven't made the necessary price adjustments to sell
and here is what I am expecting to see in the next few weeks
- the new listings will show up
- the new ones that are priced well will sell super fast
- some new listings will get multiple offers
- the market pace will pick up
- and then even more sellers will get off the fence and go on the market
- the old over priced listings will linger and they will not sell
todays show goes deep into explaining how all of this will play out
