Sorry to disappoint you, sdr, but I agree with your observations and have seen the same thing. You’ll get no argument from me. 😉
Perhaps the very rich are looking to get out of fiat currencies (again?), or prices in some areas have fallen from ~$1.3MM to ~$900K or some similar drops, and they are selling (seen a few of these).
And then there are those interest rates… If there are two things I’ve noticed while watching the RE market over the years, it’s this: the best time to sell a house (in general) is February-April, and the best time to buy (in general) is November-January. The second trend is that whenever rates take a steep plunge, sales skyrocket. I think sales will surge for awhile — look at the 10-year Treasury!!!
