Bidding Wars A Thing of the Past?
Bidding goodbye?
|
|
There’s no question that the market is changing. One thing we have noticed–we haven’t seen a single bidding war on a home in more than a month! That’s a big shift from the previous quarter where we saw 20-30 offers on a home with a $10,000,000 listing price.
|
|
As we start heading into a buyers’ market, use this as an opportunity to educate yourself about the shifting landscape. In our first story today, we discuss a report from the NAR that highlights key trends to monitor in the months to come. We found it insightful, and we think you will too.
|
|
- Ri Prasad
|
|
Expert advice for buyers |
|
|
|
|
|
The NAR’s Chief Economist Dr. Lawrence Yun wants you to find (and afford) the homes of their dreams. In his latest address to potential homebuyers, he outlined several key trends to keep an eye on. Here are the biggest takeaways:
|
|
|
|
Our take |
|
We absolutely agree with every single one of these. This advice is fantastic because it helps you set realistic expectations as buyers. This advice comes directly from the NAR itself.
|
Post a Comment