We’re still selling thousands of homes every month. If you get the price right, you will find a buyer. It’s all about having the right house at the right price. Buyers have so much choice, that they will pick the best home for their money.
A new problem for sellers is the new lending guidelines,which are going to squeeze out the first time buyer. Without the first time buyers, the SD housing market is history. I think only 5% of San diegans can afford the median house using traditional financing, and all those probably already own a house.
If I were a seller, I would be more worried about finding a buyer who can get a loan, than I would be about finding a buyer.
