Housing Risk by County Map

[Addicting]

Makes you wonder how someone so stupid or maybe disconnected from reality makes it that far in life.

Or how greedy the realtor is. I think they have been living the high life on commission the last 5 years and are now accustom to it.

A shrinking evaluation of the housing market doesn’t benefit them at all. They need to encourage this over inflated evaluation to the seller. Sellers just take the realtor’s word for it as they are supposed to be the expert.

 

[Nunjagottam]

6% of nothing is not a very good commission. I've got a friend that prices his listings to sell. That's the key to any sales job. NAR/County government cartel want to keep prices high to prop up the tax base and commissions, so he gets the cold shoulder from other realtors sometimes. People dont want to take a haircut to get out of houses they can't afford but, as stated above, a place is only worth what someone will pay for it. This gets a bit murky when you bring in the national mortgage lending industry which tries to homoginize home values as a commodity across the nation rather than keeping the loans between the homeowners and local banks. Eventually the excess will wash out, but this cliche rings true; Markets can remain irrational longer than most people can remain solvent.
Glad I'm mortgage free and like my house.

 

[BigHornRam]

Or how greedy the realtor is. I think they have been living the high life on commission the last 5 years and are now accustom to it.

A shrinking evaluation of the housing market doesn’t benefit them at all. They need to encourage this over inflated evaluation to the seller. Sellers just take the realtor’s word for it as they are supposed to be the expert.

Good realtors make good money. Bad realtors sooner or later find another line of work. Probably 15% or less make a living at it. Sellers should do their homework when listing with a realtor. Buyers should as well.

 

[brymoore]

Nothing has been selling in my area for the past year except for one house last January. Same day sale. No price reductions except one house for sale for two years. The house got a new realtor this spring, new price is a 3% reduction…

There’s a variance in ask versus bid prices that’s not being met.

 

[mtmuley]

Good realtors make good money. Bad realtors sooner or later find another line of work. Probably 15% or less make a living at it. Sellers should do their homework when listing with a realtor. Buyers should as well.

Yep. In my area I know of two I will call if I get ready to sell. mtmuley

 

[SAJ-99]

This is why I don't put much stock in people moving for tax reasons, even if can make sense. The most motivated sellers are in tax-free states and least motivated in tax states. And it may flip 180 degrees in 6 months. Making any sense of housing numbers is hard.



For the houses in my neighborhood, the original two are still on the market. Another went up for sale and sold in less than 5 days.
@Irrelevant needs to provide an update on his planned low-ball offer.

 

[jryoung]

If you don't leave CT by the time you're 25, you'll never leave - all my CT friends.

Seriously though, I wonder if there is a factor in these numbers where the motivated markets have a higher rental, flipper, general turnonver in housing driving a higher "beta" if you can call it that...just more volatility. PG seems like people are desperate to get out.

 

[SAJ-99]

If you don't leave CT by the time you're 25, you'll never leave - all my CT friends.

Seriously though, I wonder if there is a factor in these numbers where the motivated markets have a higher rental, flipper, general turnonver in housing driving a higher "beta" if you can call it that...just more volatility. PG seems like people are desperate to get out.

View attachment 412061

The entire gulf coast of FL and the Miami area is looking red, while the panhandle looks much better. Trying to make sense out of Florida is a fools game, and I'm not playing.