Buyers are optimistic enough about the potential increase in inventory – heck, we’re at historic lows – that they aren’t going to jump this high, this early:
New post (The Slow Unwind - The Pricing Gap) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/05/18/the-slow-unwind-the-pricing-gap/
Flippers typically buy a home at 69% of the estimated "after-repair" value.
* 78% in the Southwest where homes are newer
* 64% in the Northeast where homes are older
What’s the misery index on that sucker?
Does that price include moving the house to a lot on the canyon?
“Stucco Valley” and nearly $2 Mil? Your descriptions are classic, Jim…