Sales Down – Prices Up – Real Estate Agents Nervous
The story continues to play out. Inventory is up, sales are down, and prices show a slight increase in most of the Bubble Markets. Not much of a surprise as the game of chicken continues between the potential buyers waiting to see if the media is correct and the housing prices will plummet. The sellers are holding out for the proper pricing of the homes. And the real estate agents are getting nervous as they are not moving any properties. Northern Jersey saw a 16.3 percent decrease in the volume of home sales and that is not making the agents happy going without commisions.
What should be interesting, and I have heard rumors of this happening out there, is that the Real Estate agents are blinking first. They are trying to consult with their sellers and begging for price decreases to get the transaction volume moving. The sellers for the most part are telling the agents that they are not going to panic and give away tens of thousands of dollars just so the agent can get a commission and pay their mortgage.
With the Fed keeping interest rates solid and buyers coming out of their panic rooms, the market may have a short term uptick.
So get out the popcorn and watch the show, it should be a fun one.
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
