Homebuyer Cancellations Increasing in Boston
Homebuyer cancellations are creeping upwards in the Boston housing market. It’s a sign of just how much power buyers now have.
Homebuyer cancellations are creeping upwards in the Boston housing market. It’s a sign of just how much power buyers now have.
Anyone who has experienced a buyer’s market with few transactions and plunging prices is familiar with the concept of “chasing the market down.” Here’s how to help your sellers from making that terrible mistake.
A new report from Redfin suggests another way higher mortgage interest rates are taking their toll on the housing market: more homebuyers bailing on purchases.
To succeed in a declining market, focus on generating more buyer leads. You must also aggressively price your listings slightly below market value, or your sellers will end up “chasing the market down.”
Have we arrived at one of those rare Goldilocks moments in real estate, where the market works well for both sellers and buyers, strongly favoring neither?