Realtors have effectively created a dead cat bounce in certain communities by placing homes on the market at inflated prices. Theydo this to scare people into thinking the market is turning. Sure this benefits the realtors, but it also perpetuates the bubble and will utlimatley make the landing much harder. I have family in the real estate business and they are all appalled at the dirty tactics being used by reraltors in todays market. Another game being played, is to take a hoem off the market (that has been out there for say more than 90 days) and put it back up as a “NEW” listing a week or two later at a higher price.
Doing what is right and doing what is allowed are very different. Those of us who are trying to become knowledgable about this market should see through these tactics and hopefully stay clear of poor character realtors.
