http://www.realestateappraisertips.info/ - Altos Research: November Housing Market Update: NAR, Case-Shiller & What We’re Seeing Click on the article link to read this highly intuitive article by Scott Sambucci, which says that sellers are having to become much more realistic with their asking prices to get a sale.
Here’s A Snippet:
“An interesting housing market trend this Fall is the convergence of the Price of New Listings (new sellers entering the market) and Price of Listings Absorbed (sellers exiting the market). You can also see how sellers through the Spring and into the summer were more bullish about their ask prices as compared to the exit prices, with this convergence happening more recently in the Fall season:
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