Housing Market Update: The Crash Bros are Wrong (Again!)
Summary
The housing market is correcting, creating a buyer's market in some areas, which could benefit real estate investors. Hosts should consider offering below list price when buying properties, as sellers are becoming more willing to negotiate.
Key Insights
- •Inventory is starting to level off, with a decrease from July to August, potentially signaling a shift in market dynamics.
- •The average sale-to-list percentage has dropped below 99%, indicating a buyer's market where buyers have more leverage.
- •Home prices are in a correction with appreciation between 1% and -1% nationally; however, when adjusted for inflation, prices are in negative real price appreciation.
Action Items
- ✓Offer below list price when purchasing a property to capitalize on the buyer's market.Effort: lowImpact: medium
Tools & Resources
- →Redfin: The article references data from Redfin.(redfin.com)
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