The Safety Valve Of Being Able To Sell In A Rising Market Is No Longer There

Abstract

The median price for a home in San Diego is an eye-popping $975,000 – signs are emerging of a cooling market. In Boise, ID, where home prices are up 62% in the past two years, 41% of home-sellers dropped their price in April, the largest share among the 108 metropolitan divisions. That’s up from 10% a year ago. The bigger number of declines is often initiative. The larger number of drops is often initiative and  in. ‘snowbirds’ and ‘lipsticked’ The bigger numbers of declines are often 'initiators’ or ‘initiatives' and ’snow Birds’ are often ‘trending’ And almost 30 per cent also expect to accept an offer within two weeks of listing. The decline is evidence that the COVID-induced boost to housing demand is now softening.’ ‘