Debunking The Seller’s Market LIE
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- čas přidán 18. 02. 2024
- Prepare to have the real estate narrative SHATTERED as we debunk the myth surrounding Dallas's supposed seller's market. In this eye-opening video, we unravel the truth behind the many claims, exposing the fallacy of a housing shortage and revealing the hidden complexities of the Dallas real estate scene. But we’re not going to stop there, I’m going to show you step by step how you can find these motivated builders on your own. There are lies being told out there, and it's time to set the record straight.
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Another great video Wendy! I look forward to these videos because they are packed with great information and things I have never thought of. I can tell you take pride in your work by all the research and knowledge you continue to share. We appreciate and need more realtors like you. Thank you!
Thank you so much! I do spend hours in the researching process and I love every minute of it!
Great advice and insight. Thanks Wendy
You are very welcome! I hope it was helpful!
It’s Not always a great time to buy. For people. It isn’t always a great time to sell either. Demand IMO is always very local. School districts employers etc amenities etc.
Very informative vid. Learned a lot. Really enjoyed.
That is so true!
Like politics, each RE market is local. It’s been a seller’s market in San Diego for quite awhile. It’s insane. (Realtor w over 20 years of experience here)
We saw it here during the era of low interest rates and it was a force to be reckoned with for sure!
How about buying resale home?
I don’t fully understand your question. Are you asking if it is a buyer or seller’s market in resale?
2022 and 2023 were sellers' market years...
2024 will be buyers' market year...
As per my understanding, mortgage interest rates will also go down to 5 percent in 2024.
Below 5 % is difficult.
Interesting insight! What data are you using for 2022 and 2023 being a seller’s market?
@@WendyPannell INTEREST RATES AND HOME VALUES WERE GOING UP SHARPLY....
2022 _ 2023
SO, THIS IS THE REASON, I AM SAYING, SELLERS' MARKET.
WHEN MORTGAGE INTEREST RATES WERE LIKE CLOSE TO 2.5 OR 3% AND HOMES PRICES WERE UNDER THE LIMIT OF A MIDDLE OR UPPER MIDDLE CLASS PERSON, IT WAS A BUYERS MARKET.....
@@lovehumanbeings7859 Thank you for the feedback! The buyer vs. seller’s market metric derives from available inventory. Predictions are then made as to whether prices will trend up or down as a result of available inventory. So we wouldn’t necessarily label a market based on prices alone. They are more a result rather than a metric. In terms of price, we haven’t significantly deviated from seasonal norms. Prices rise in the spring and summer and fall in the fall and winter all the while generally trending upward. I am a big believer in capitalizing on seasonality!
@@WendyPannell Your point is also right.
Thanks for sharing.
Why are you lying a lot of houses going to foreclosure and auction and people loosing their jobs.
Hi Reza, well that’s not a nice thing to say. 🫤 Can you point me to the timestamp in the video where I lied so I can provide you with the source document?
It all depends. Americans have the highest record up to date spending on credit cards. What happens when individuals reach their limits? They probably won't lose their jobs, but most likely sell their assets or lose their homes to pay their debts.
@@jyg4883 Or pull equity out of their house which there is about 30 trillions dollars worth in America.