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

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  #1  
Unread 07-04-2021, 05:00 PM
joelfmi joelfmi is offline
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Default 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
  #2  
Unread 07-04-2021, 05:03 PM
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OR..............Inventory is very limited so there is nothing to pend.
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Unread 07-04-2021, 05:09 PM
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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.
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Unread 07-04-2021, 05:16 PM
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Default 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
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Unread 07-04-2021, 05:26 PM
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GREED!

Everybody drink!
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Unread 07-04-2021, 05:46 PM
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Greed of the Sellers???

I guess they should not except offers.
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Unread 07-04-2021, 05:53 PM
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Quote:
Originally Posted by joelfmi View Post
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
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.
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Unread 07-04-2021, 05:58 PM
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Originally Posted by dewilson58 View Post
OR..............Inventory is very limited so there is nothing to pend.
It’s almost like there should be some economics rule about supply a d demand.
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Unread 07-04-2021, 06:02 PM
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Quote:
Originally Posted by Kenswing View Post
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.
Together the buyer and the seller set the final price.
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Unread 07-04-2021, 06:10 PM
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Quote:
Originally Posted by joelfmi View Post
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
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.
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Unread 07-04-2021, 06:15 PM
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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.
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Unread 07-04-2021, 06:17 PM
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Quote:
Originally Posted by Kenswing View Post
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.
Those GREEDY buyers!
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Unread 07-04-2021, 06:19 PM
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Quote:
Originally Posted by joelfmi View Post
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
Quote:
Originally Posted by joelfmi View Post
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
Is there an echo in here?
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Unread 07-04-2021, 06:20 PM
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My house was not on the market, and I got an offer…. I’m still just getting everything upgraded in the house for me….
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Unread 07-04-2021, 06:46 PM
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Default 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.

Last edited by Normal; 07-04-2021 at 06:55 PM.
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