Compass agent Ben Faber started a discussion: JtR: If you find a halfway-decent home, it will probably be in the first seven days it’s been on the market. It’s when the listing agent goes into full defensive mode and all communication turns vague because they are so...
It's obvious this year that the market is tough and sellers aren't able to demand everything they want like before. It will probably cause more sellers to cancel sooner, and others to not try at all. The inventory count may hover around 500-ish for a couple of more...
Here’s a formula that works well for buyers and sellers (who are smart to lower their price just to keep up). Listings that don't lower their price will stale quickly.
Usually Donna writes the introduction to our newsletter, but I took a stab at it today: Hi, Jim here! I've been asked to describe the current market conditions as we enter summer. Our local market is defying the usual labels. If it were a pure buyer's market, then...
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With the unsold listings piling up everywhere, I went to check the stale factor (above) and was surprised to see that the ratio of the active listings on the market for 15+ days was actually lower than it was previously. It must mean that there has been a flurry of...
According to Opendoor’s new First-Time Home Seller Report, the COVID-era buying spree is not only over, it is biting back. The low-interest rate buying frenzy in 2020 and newfound flexibility with remote work led to a wave of regret - 79% of first-time home sellers...
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They're not going to give it away! Amid growing economic uncertainty, recession fears, and continuing tariff turmoil, there's a glimmer of hope among homeowners who say that they are still feeling very optimistic about getting top dollar for their properties—with many...
Mistakes when buying or selling a home can be very costly - Get Good Help! https://www.opendoor.com/articles/homeseller-report
