Quote:
Originally Posted by Craig Vernon
Totally agree but the reductions are just beginning to correct the pricing related to rates. If this continues it simply makes TV not a good market for investors and a better market for individual buyers.
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Great point regarding the tapering of investors ... again, that was driven by insanely low rates.
For resales' price reductions; I take those with a grain of salt because (at least in my experience) that's typically caused by emotional sellers who've talked their listing agent into an unreasonable original list price. I've always hated the initial pricing decision for my moves. So ... i wouldn't get so alarmed by the rising number of "Reduced" listings ... agents are not always able to get owners to price accordingly.