Fredo4 – ask yourself,”Why is there so little supply on the market at this time?. Isnt this the busy season for RE?” If you had a house that you wanted to sell, but you werent “motivated”, why would you try to sell it right now? You wouldnt.
So the market, on the sell side, is composed of “motivated” sellers. REO, short sellers and people that have owned so long they have huge equity even with prices down significantly. This market is being heavily manipulated by the govt right now.(Low rates, foreclosure moratoriums,etc..) Huge warning sign to stay out of it.
