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When Will This Market Change?

Lamacchia Realty

A housing crash on a chart looks like what you see in January of 2005-January of 2007; that spike in available inventory of homes for sale means supply is high and demand is low. Since early March, about 40% of the homes that are for sale are going under contract within a week. week supply of homes on the market. Average Prices.

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Price Adjustments in this New Housing Market

Lamacchia Realty

That’s because fewer homes are being placed under contract. The Lamacchia Realty Target Pricing Model has been implemented in the selling process since 2007. They say “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.” They are right.

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008. Price fairly: Selling in a seller’s market doesn’t mean you should hike up your prices as high as possible. Tidying your house may even encourage higher offers. Downloadable Guides.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. Our market cooled faster than any other in the nation, according to one report. We are nowhere near that!