Buyers Market - Are homebuyers back to buying homes now?
It's official. More areas are experiencing attributes of a buyers market. This means longer days on market, less offers, no more AS-IS, Zero Contingency offers or $400,000 over asking. As a matter of fact, some areas are seeing a contraction in pricing and homes being sold as low as 68% below asking!
When will the housing market crash again? Are we going to see the housing market crash? While we can't even guess at the housing market predictions for 2022 or what 2023 will look like, we know that the market is slowing, because of inflation, the economy, the threat of WWIII, and unemployment, we can ask if home prices will drop in 2023. It's not likely, but anything is possible. What we know is that there are more people than houses. Ibuyer platforms and hedge fund corporations buying houses in 2022 which means they're buying up inventory and ultimately homes for people. This hurts everyone eventually because no matter what, people have to live somewhere. It makes competing against these money giants almost impossible.
Realtor®, Broker, Veteran, Dad
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"Now is the time to ask sellers for concessions. We have a system that helps our buyers buy homes for less and with terms that work for them. Buyers are still buying, and we're still putting people into homes. Sellers need to sell and smart ones know that they have to give a little today.
"This isn't April 2022 anymore. Inflation, higher rates, Stock uncertainty, higher cost of living, and Unemployment loom. This wasn't the case a few short months ago. Today if you need to sell, sell. If you need to buy, buy.
Contact Info@abitano.com to learn how buyers are turning into homeowners on their terms today"
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