Ten things to know about price reductions in today’s market
Ten things to know about price reductions in today’s market
Abstract
Nearly 40% of active listings have had a price drop in the Sacramento region. Buyers are easily paying $500 to $700 more PER MONTH for a mortgage compared to what they would’ve paid about six months ago. There are more price drops between 2-4 weeks. For now, don’t buy into the myth that some prices are immune. But statistically speaking, it probably won”t. If it happens, it likely won‘t. It likely won't.
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Price reductions are growing fast and sellers are still behind the ball. Eventually they’ll catch up, but they haven’t gotten there yet. Let’s talk about price drops today in the Sacramento region. Is the trend similar in your area? Let me know what you’re seeing. UPCOMING (PUBLIC) SPEAKING GIGS:
7/15/2022 Lunch & Learn with Matt Gouge (sign up here))
7/20/2022 Beer & Stats at Red Bus Brewery (details TBD)
7/26/2022 Navigating the Shift (sign up here) TRUTHS ABOUT PRICE REDUCTIONS 1) Ne...
Price reductions are growing fast and sellers are still behind the ball. Eventually they’ll catch up, but they haven’t gotten there yet. Let’s talk about price drops today in the Sacramento region. Is the trend similar in your area? Let me know what you’re seeing. UPCOMING (PUBLIC) SPEAKING GIGS:
7/15/2022 Lunch & Learn with Matt Gouge (sign up here))
7/20/2022 Beer & Stats at Red Bus Brewery (details TBD)
7/26/2022 Navigating the Shift (sign up here) TRUTHS ABOUT PRICE REDUCTIONS 1) Ne...
4 Things to Know About the Current Housing Market Blog posted On July 19, 2022
2022 has been a whirlwind for the housing market. Mortgage rates have been steadily climbing since the beginning of the year, inflation has hit a 40-year high, and home prices are soaring. But it’s not all bad news. In fact, several market conditions are beginning to shift in favor of home buyers. Danielle Hale, chief economist at Realtor.com, shed some light with four things buyers shoul...
4 Things to Know About the Current Housing Market Blog posted On July 19, 2022
2022 has been a whirlwind for the housing market. Mortgage rates have been steadily climbing since the beginning of the year, inflation has hit a 40-year high, and home prices are soaring. But it’s not all bad news. In fact, several market conditions are beginning to shift in favor of home buyers. Danielle Hale, chief economist at Realtor.com, shed some light with four things buyers shoul...
Some Highlights
If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions.
Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions.
Lean on a real estate advisor to help separate fact from fiction in today’s housing market.
Some Highlights
If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions.
Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions.
Lean on a real estate advisor to help separate fact from fiction in today’s housing market.
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted.
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted.
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. As Lawrence Yun, Chi...
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. As Lawrence Yun, Chi...
While you may have seen recent stories about the volume of foreclosures today, context is important.
While you may have seen recent stories about the volume of foreclosures today, context is important.
Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […]
Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […]
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” If you’re thinking of buying a home or have been trying to recently, that’s a big increase in a monthly mortgage payment – and it may be causing you to press pause on your...
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” If you’re thinking of buying a home or have been trying to recently, that’s a big increase in a monthly mortgage payment – and it may be causing you to press pause on your...
The commercial real estate market, not unlike the single-family housing and residential markets, is subject to cyclical trends. Investors are constantly looking for how these trends might affect their individual markets for the foreseeable future and ask themselves: what are the best real estate markets for commercial investments? These ever-changing trends and their impact are what drives an investor’s strategy on how they will edge out their competition. To better understand the current and ...
The commercial real estate market, not unlike the single-family housing and residential markets, is subject to cyclical trends. Investors are constantly looking for how these trends might affect their individual markets for the foreseeable future and ask themselves: what are the best real estate markets for commercial investments? These ever-changing trends and their impact are what drives an investor’s strategy on how they will edge out their competition. To better understand the current and ...
You must know this before taking the listing - their motivation! If not, when its time to talk price adjustments, you're at huge disadvantage. Are they a have-to seller? Or a want-to seller? There's a difference, but only one of these sellers will put money in your pocket and we have the script that will do it for you!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more about your ad choices. Visit megaphone.fm/adchoices
You must know this before taking the listing - their motivation! If not, when its time to talk price adjustments, you're at huge disadvantage. Are they a have-to seller? Or a want-to seller? There's a difference, but only one of these sellers will put money in your pocket and we have the script that will do it for you!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more about your ad choices. Visit megaphone.fm/adchoices