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Data Cancer Due to Waivers

During the Covid boom, we had 1 sale that was a waiver in a cookie-cutter development that agents would use to price everything else irrespective of applicability. It certainly goosed prices for a few months,. And to think, that one sale is also feeding into the AVM's creating a feedback loop of overvaluation.
 
During the Covid boom, we had 1 sale that was a waiver in a cookie-cutter development that agents would use to price everything else irrespective of applicability. It certainly goosed prices for a few months,. And to think, that one sale is also feeding into the AVM's creating a feedback loop of overvaluation.
You still need willing buyers, but yea easier credit makes prices go up. Just like with college tuition.
 
Thanks for the post. And you got a shout out!
 
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