The perfect storm?

[SD Realtor]

It is gonna be interesting. We all knew there was a catalyst needed for pricing to shift gears. I have always thought it was going to be interest rates and for the most part I still do. That event seemed to be a mirage over the past few years but the inevitable downgrade by Moodys will help to change things. Also what nobody seems to have touched on is once rates do start moving the percent of GDP needed to finance the debt will start to climb faster as old debt is retired at lower rates and then reissued at higher rates. So even though we may be taking measures to help the situation we may find that it is to little to late once rates do rise.

I find that sellers are still in a sense of denial with respect to pricing but it does seem like inventory is building again. I havent checked the stats but people on autosearches are getting much heavier volumes of notifications.

[Zeitgeist]

[quote=SD Realtor] I find that sellers are still in a sense of denial with respect to pricing… [/quote]
and they are greedy. I am sure it does no good to show them recent comps. either.

[Zeitgeist]

[quote=SD Realtor] I find that sellers are still in a sense of denial with respect to pricing… [/quote]
and they are greedy. I am sure it does no good to show them recent comps. either.

[Zeitgeist]

[quote=SD Realtor] I find that sellers are still in a sense of denial with respect to pricing… [/quote]
and they are greedy. I am sure it does no good to show them recent comps. either.

[Zeitgeist]

[quote=SD Realtor] I find that sellers are still in a sense of denial with respect to pricing… [/quote]
and they are greedy. I am sure it does no good to show them recent comps. either.

[Zeitgeist]

[quote=SD Realtor] I find that sellers are still in a sense of denial with respect to pricing… [/quote]
and they are greedy. I am sure it does no good to show them recent comps. either.

[briansd1]

[quote=flu]
well, we might be driving $50k hyundais, but probably $30-40k BMW’s….At least, that’s what it looks like when you look at the Euro…..[/quote]

Don’t know about that. I remember the Euro = $0.85 USD in 2000. Now 1 Euro = $1.4 USD, notwithstanding the debt crisis in Europe.

Americans who cashed out of Internet stocks to buy real estate in Southern France are sitting pretty right now.

[briansd1]

[quote=flu]
well, we might be driving $50k hyundais, but probably $30-40k BMW’s….At least, that’s what it looks like when you look at the Euro…..[/quote]

Don’t know about that. I remember the Euro = $0.85 USD in 2000. Now 1 Euro = $1.4 USD, notwithstanding the debt crisis in Europe.

Americans who cashed out of Internet stocks to buy real estate in Southern France are sitting pretty right now.

[briansd1]

[quote=flu]
well, we might be driving $50k hyundais, but probably $30-40k BMW’s….At least, that’s what it looks like when you look at the Euro…..[/quote]

Don’t know about that. I remember the Euro = $0.85 USD in 2000. Now 1 Euro = $1.4 USD, notwithstanding the debt crisis in Europe.

Americans who cashed out of Internet stocks to buy real estate in Southern France are sitting pretty right now.

[briansd1]

[quote=flu]
well, we might be driving $50k hyundais, but probably $30-40k BMW’s….At least, that’s what it looks like when you look at the Euro…..[/quote]

Don’t know about that. I remember the Euro = $0.85 USD in 2000. Now 1 Euro = $1.4 USD, notwithstanding the debt crisis in Europe.

Americans who cashed out of Internet stocks to buy real estate in Southern France are sitting pretty right now.

[briansd1]

[quote=flu]
well, we might be driving $50k hyundais, but probably $30-40k BMW’s….At least, that’s what it looks like when you look at the Euro…..[/quote]

Don’t know about that. I remember the Euro = $0.85 USD in 2000. Now 1 Euro = $1.4 USD, notwithstanding the debt crisis in Europe.

Americans who cashed out of Internet stocks to buy real estate in Southern France are sitting pretty right now.

[SD Realtor]

They all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.

I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.

[SD Realtor]

They all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.

I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.

[SD Realtor]

They all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.

I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.

[SD Realtor]

They all vary zeit. Some are motivated and some are not. Some are simply testing the market. Some times they acknowledge the comps and test the market and after a period of time, decide to adjust. Others figure if they dont get the price they want they will use the property as a rental. Sometimes there are a slew of comps that give a good representation but there is one outlier and they cling to the outlier.

I guess the common thing is that seller psyche is something that moves in a very deliberate manner for most, but not all sellers. As an agent you get used to it. Pushing sellers rarely works, give them the information and making your opinion known is the best you can do. Ultimately the market response to their pricing is the only thing that works, and sometimes even that will not work.

[Author]

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