Looks like the bond rout is finally on. Not good for real estate, which I own, but I am very happy to see the clowns holding long term treasuries finally taking a few hits for a change.
sdrealtor, as far as your coastal deal that is 150k+ below market, remember that today’s screaming deal is tomorrows comp. I have seen this happen now time and time again. In a market where no buyer wants to pay as much as the last guy, these kind of “killer deals” eventually have a way of bringing down prices. Until the buyer psychology shifts I see this trend continuing. The recent moon launch in interest rates isn’t going to help much with the psychology especially at the mid to high end where buyers are less likely to “panic” and lock in before rates go higher.
