The house across the street — we live in a new area of Murrieta — has been for sale for $550 for six months. Talked to the renter who lives there today and found out that there has been NO interest. The owner offered it to the tenants for $450k and they said “No thanks.”
My other anecdote, a relative of mine needs to sell his home in Menifee. He has already closed escrow on another home so he is paying two mortgages. He has it listed, and of course there is no interest, but he wants to find another agent who will PRICE IT HIGHER!
