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Joined 3 years ago
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Cake day: June 15th, 2023

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  • But that’s not the conclusion of the article:

    “Home sellers outnumber buyers by a record margin, meaning the buyers who are in the market have options and may walk away if they believe they can find a better or more affordable home.”

    This makes it sound like the buyers that are in the market are making multiple offers, or at least are not afraid of breaking an offer if something better immediately comes up.

    But, I guess that tracks, too. In this shitty economy, a lot of people simply know they can never afford a home at these prices, so the ones that are left in the market have more resources.

    And I’m not an economist, but if there really are that many more sellers than buyers, shouldn’t that be leading to prices going down?