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Sellers Are Aware Of The Market

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  1. From the first 14 minute video:

    2023 Austin Market Declining? | Austin Market Update | Moving to Austin Texas
    Home by Dom
    Premiered Mar 28, 2023
    Hey y’all, welcome back to the channel! In today’s video, I’m talking all about what’s going on in the real estate market in Austin Texas. What are prices doing? How quickly are things selling?

    The second 17:21 video:

    Offer Dates Are Failing In Brampton, Mississauga & Durham Real Estate – Mar 22
    Team Sessa Real Estate
    Mar 29, 2023 CANADA

    00:00 – Multiple Offers
    07:06 – Introduction
    07:55 – Mississauga Detached
    11:00 – Brampton Detached
    13:12 – Pickering, Ajax, Whitby Detached
    15:16 – Peel Condo’s

    Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Mar 9 – Mar 15, 2023.

  2. If you are a home seller, it is both the best and worst of times.

    Properties in desirable areas that are “near-turnkey” still sell fast, often above listing price, according to new research from Realtor.com.

    But everyone else is learning a hard lesson: Their home probably is not worth as much as they thought it was just a year ago.

    For some home sellers, that tough reality is setting in. Many who priced their homes too high for the current market now are cutting their asking price in hopes of selling.

    As Hannah Jones, an economic research analyst at Realtor.com, says in a summary of her firm’s research:

    “A price reduction means the sellers are coming into the market optimistic, but the buyers aren’t meeting them there. Eventually, they might have to lower the price in order to get the interest that will lead to a sale.”

    https://www.msn.com/en-my/money/homeandproperty/10-places-with-the-most-home-sellers-slashing-prices/ss-AA19exlX

  3. California Home Prices Down 18% From 2022 Peak
    GlobeSt.com|21 hours ago
    Home prices in California have fallen 18% since they peaked in May, when the median price of a home in the Golden State topped $900,000, a record high. The median home price in California dropped to about $735K in February,

    China’s Country Garden suffers first annual loss since 2007
    Free Malaysia Today|38 minutes ago
    China’s housing market, which along with construction accounts for more than a quarter of GDP, remains in a slump, having been dealt a hefty blow by Beijing’s crackdown on excessive borrowing and rampant speculation starting in 2020. Real estate sales …

    China Huarong swings to annual loss as core business weakens
    Channel NewsAsia Singapore|18 hours ago
    The company, one of four major state-owned distressed debt managers … the macroeconomic situation and the downturn in the real estate industry impacted the business, the company said. The Beijing-headquartered firm reported an annual loss attributable …

    S.F. office vacancy nears 30% in first quarter of 2023
    The Business Journals|12 hours ago
    But as leases expire, those sublease spaces are turning into direct liabilities for landlords. “More and more so … struggling to make payments — and some have already confronted foreclosure. The only thing holding steady in the San Francisco office …

    Census data: ‘Domestic out-migrants’ driving Long Island exodus
    Newsday|8 hours ago
    The decade-slong trend of people leaving Long Island is part of a broader trend of New Yorkers leaving the state in pursuit of an affordable place to live, experts say.

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