Reasonably priced = reasonable buyers?

[InflationNation]

Originally Posted by Greatday

Well, more sellers, less buyers = buyers market

Interest rates, on 30 year fixed, dropped today.

My office (real estate), my agents (I'm the broker) are getting a lot more inquires that are buyer initiated, in the last week or ten days, then in the last couple of months.

This morning alone, I have had 10 new contracts, written since this past Sunday, dropped on my desk for review

Good to know that you're doing better than the consensus.

[Greatday]

Originally Posted by InflationNation

Good to know that you're doing better than the consensus.

Hey - facts are facts.

[InflationNation]

Originally Posted by Greatday

Hey - facts are facts.

Yes, and facts are you're doing much better than the overall consensus. To that, I congratulate you!

[Greatday]

Originally Posted by InflationNation

Yes, and facts are you're doing much better than the overall consensus. To that, I congratulate you!

"overall consensus"?

No, many brokers in our area are reporting and seeing the same type of thing

[Ellwood]

Originally Posted by CouponJack

"hold firm w/your price as long as its reasonably priced"


Wouldn't better advice be "if inventory is high and # of units sold YOY are dropping, price ahead of the curve so you don't receive a worse offer 6 months down the road"?


We all see what happens to the overwhelming majority of people who "hold firm w/their price" in a market like their is today.

I'll let you know what happens when it goes on the market after the 1st of the year. We purchased 11 years ago, so we are in a decent position to price it reasonably, or rent it out.

[InflationNation]

Originally Posted by Greatday

"overall consensus"?

No, many brokers in our area are reporting and seeing the same type of thing

Yep, everything going peachy keen.

The Fed saying that the housing correction is accelerating (in the downward direction) at it's 2:15 announcement is a big fat lie. It's all the big bad media and they're out to get ya!

You should get back to work. Those 10 contracts aren't going to sign themselves.

But, congratulations to you and those in your region for doing well! olecapt is in LV and he's reportedly having some problems selling condos right now. Maybe you could help him out? Does he just need to smile more and click his heels together 3 times?

[Greatday]

Originally Posted by InflationNation

But, congratulations to you and those in your region for doing well! olecapt is in LV and he's reportedly having some problems selling condos right now. Maybe you could help him out? Does he just need to smile more and click his heels together 3 times?

I am also from Las Vegas and Phoenix -

As an aside, I just signed, and delievered to one of my agents, a $31,424 commission check for a new build that closed yesterday - she has another one coming, hopefully, next week that will exceed $40,000.

[InflationNation]

Originally Posted by Greatday

I am also from Las Vegas and Phoenix -

As an aside, I just signed, and delievered to one of my agents, a $31,424 commission check for a new build that closed yesterday - she has another one coming, hopefully, next week that will exceed $40,000.

Definitely good news for her!

I'll check on the Phoenix and LV numbers sometime. The latter's been in the dumps for a good deal of time now, at least the condo market. HousingTracker.net has got me hooked up

HousingTracker.net: Median Home Asking Price & Inventory Data for Phoenix, Arizona
HousingTracker.net: Median Home Asking Price & Inventory Data for Las Vegas, Nevada

Median down 11% over the past year in LV, and median down 11% in Phoenix, but I'll check up on them as time moves forward. Probably best to wait a good 3-6 months of steady increases before getting into something. Don't want to time the bottom now. But, thanks!

Whatever you and your colleagues' secrets are, they appear to be working.

[CouponJack]

One can only say things are getting better when there is a SUSTAINED, LONG TERM improvement in your market YOY. Having a good week or two (or three) doesn't really mean much.