JSmith43
Elite Member
- Joined
- May 5, 2003
- Professional Status
- Certified General Appraiser
- State
- California
The MN market was not wound up so tight as FL & CA, so it is hard to relate.
I do subscribe to a FSBO activity monitoring service, and it shows FSBO activity drastically curtailed in November from October....more than a seasonal thing (my guess at this point).
Anecdotally, seasoned agents have told me about sobering price cuts for those that have to sell and quite a bit of listings taken off the market by those with flexibility in selling. The market seems to be working locally to clear excess inventory. Long term rates are all of a sudden, really sweet, which will help slow the sagging areas of the national housing market.
Too many things going well, sorry . If we develop raging inflation, high interest rates and a collapsing job market, I'll be in the bubble camp....for a few years
I do subscribe to a FSBO activity monitoring service, and it shows FSBO activity drastically curtailed in November from October....more than a seasonal thing (my guess at this point).
Anecdotally, seasoned agents have told me about sobering price cuts for those that have to sell and quite a bit of listings taken off the market by those with flexibility in selling. The market seems to be working locally to clear excess inventory. Long term rates are all of a sudden, really sweet, which will help slow the sagging areas of the national housing market.
Too many things going well, sorry . If we develop raging inflation, high interest rates and a collapsing job market, I'll be in the bubble camp....for a few years