Looks like the housing market has cooled down a lot because of record high prices.
 

Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition.
Housing Market Update: Pending Sales Slide as New Listings Reach Pre-Pandemic Levels, THIS I HOPE WILL STOP THE GREED OF SELLERS
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less as per Redfin

OR..............Inventory is very limited so there is nothing to pend.

After looking at some of the resale's which needed thousands of dollars in upgrades and were dated 10 year home and older. It was not the best idea to purchase now, because of the prices they were asking.

As of July 4th 2021 the mark has cooled Down for resale's as per redfin
 

Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition.
Housing Market Update: Pending Sales Slide as New Listings Reach Pre-Pandemic Levels
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less :clap2:

GREED!

Everybody drink!

Greed of the Sellers???
:1rotfl:
I guess they should not except offers.
:1rotfl:

It appears you know NOTHING about real estate. The buyers set the price. Not the sellers.

We recently sold our house. We presented an asking price. The buyers decided to bid it much higher.

It’s almost like there should be some economics rule about supply a d demand.

Together the buyer and the seller set the final price.

Sellers are not greedy, multiple buyers set the tone. "Some buyers have hit their limit" are the buyers that can't afford the appreciated pricing in todays market and don't care to settle for a home they can afford. Thousands of boomers retiring every day and TV only gets 8 or 10 of them each day, the developers have nothing to fear my dear. There's a good buy over on Wade Terrace LOL.

I checked The Villages app this morning and it showed 28 new homes for sale here in TV. Now at 7pm (12 hours later), there are only 23 new homes for sale. Our new home TV market is hot, hot, hot.

I say not, not, not to buying at this time.

Those GREEDY buyers!

Is there an echo in here?

My house was not on the market, and I got an offer…. I’m still just getting everything upgraded in the house for me….

Lack of Inventory
 

I don’t see it cooling off. 25 homes for sale is good? There used to be a lot more inventory to choose from. Perhaps the ideal situation is to sell a home now for today’s market pricing and then build? But cooling off? Have you checked the prices of homes or lots lately? A 250 K Gardenia is almost double the price.

It’s almost like you are wishing for what isn’t true.

Housing prices go up and down. It has nothing to do with the “GREED OF SELLERS.” Too few houses on the market coupled with high demand causes higher prices. The opposite happens when a high inventory is available. In a buyers market sellers think buyers are too fussy and demanding when they low ball the price and demand all kinds of concessions.

Three home we looked at by MLS have just had a price decrease yesterday. Not a big deal for us, none hit the mark for us, but might for someone else

Where did you see three homes with a price decrease yesterday?

It is sort of a hobby for me to watch the housing market here. I see very few for sale. Very limited. As soon as they are listed, they sell.

A house is worth what a buyer will pay!

To get the owner to sell the house.

Yeah, whatever. I personally know of an offer that was made on a resale 2 days ago that was 25k over asking pice and got turned down.

Probably had contingencys.

Check your Zestimate this week. Mine cooled down

Buyers determine the price, not seller's greed. Seller ask a price and buyer says Yay or Nay.

Most homes are on the market such a short time. I haven’t bothered to track the housing market, if push notice comes we look. Guessing your hobby would not interest the agents that sent me email yesterday with the decrease. One we bid on, two weeks ago, owner turned it down, and now they want to accept our offer. None of the homes we have looked at in the past 6 weeks ever made it on Zillow.

An article you find on Redfin about the real estate market ! Seriously? The whole country? What market? Some are different than others and TV definitely is.

Correct. So why is the seller being blamed? Ive already seen recent sales quickly listed for sale again at a higher price. So, who is the blame. The buyer!! They buy a house and immediately flip it for a higher price with nothing extra upgraded. Greedy investors

I hope you aren't one of those greedy sellers who choose to accept the highest offer.

Joey is probably one of those posters who blame the greedy developer for selling houses in Sumter County.

:ohdear:

You cannot possibly say that. That's such a broad and blanket statement that it's just not true

Anyone can go in and alter a Zestimate
If you're using that as a guideline then I suppose you're playing your day according to the stars

You just described classic Economics. High demand high prices, low demand low prices. It's 100% true for anything in the economy has nothing to do with greed.

From where does this information come?

If someone is selling a home then odds are they plan on buying a home elsewhere in which case they will be facing the same elevated prices in a hot market.

Eventually government and Fed policies will precipitate another housing and financial collapse. Then you will find better prices. But that is probably years away.

Sounds like some one is envious to me.

The only thing stopping buyers is Money in the Bank
 

the last time we saw something like this was 20 years ago when prices went up 25% a year for three to four years in Florida

Don't worry folks when prices go up they always go down in Florida

If you were selling, would you be one of them?

I love the “greedy” guys. Your home is usually the biggest single investment people make and I see no reason why people should not sell if the opportunity arises to make money. People have bought in a hot market before, and had to eat it when things cooled off. So, if you are willing to risk buying at a high point, go right ahead.

A home is an inflationary stabilizer
 

We are all staring down the throat of a massive inflationary beast. Whether there is a bubble (there isn’t), or a shortage, a WallStreet debacle, or whatever, the housing prices are here to stay. Sell your house for more, pay more for the next, the whole thing offsets.

Remember, the US economy had more than a Trillion dollars of funds injected into it along with penned up savings. People are willing to pay more. Get used to it.

Enjoy what you have saved and ignore the stress of worrying about others.

House is an Inflationary Offset
 

It’s all the free market and supply versus demand.

Everyone is staring down the throat of a massive inflationary beast. Whether there is a bubble (there isn’t), or a shortage, a WallStreet debacle, or whatever, the housing prices are here to stay. Sell your house for more, pay more for the next, the whole thing offsets. Your existing home gives you buoyancy in a sea of inflation.

Remember, the US economy had more than a Trillion dollars of funds injected into it along with trillions in penned up savings. People are willing to pay more. Get used to it.

Enjoy what you have saved and ignore the stress of worrying about others.