[quote=massey][quote=equalizer]
Except sellers just read your post and will raise prices a little, maybe 5%.
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Fat chance of that strategy succeeding right now.
It’s a buyer’s market. If it weren’t there would be no need for the fed to monetize debt to push the rates so low in the first place. At best this will “stabilize” the prices where they are now. Net effect, though, is a discount to the buyer. Isn’t it cool how the Fed can force all these self-deluding owners to discount their properties without their consent or participation?
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meant a little bit tongue in cheek, but don’t discount the delusions of sellers. Have heard of multiple offers on Mira Mesa homes and foreclosures in Chula Vista that are down 40%+ from purchase price. And this was months ago before rates dropped. Everyone loves a 40-50% off sale. Must be a great deal. They are not building any more.
