Thanks for including the article – Nick mentioned some great OPT examples, and the inventory is growing daily with them.
Why doesn’t NAR, CAR, or the local associations say something? Why doesn’t any of the major real estate companies say anything? I’m just a little guy, and the WSJ has to come all the way to SD to dig me up to get the truth? Embarassing.
Here is the message that should be ringing from coast to coast:
Sellers, mortgage rates are at all-time lows and prices are down 25-50% depending on your area – those two ingredients are making for ideal conditions. Buyers want to buy, and are extremely well-educated on values.
IF YOUR HOUSE ISN’T SELLING, YOUR PRICE IS TOO HIGH. THERE IS NO OTHER REASON.