Homeowners pulling listings instead of cutting prices is not some gentle market shift, it is straight up refusal to accept reality. Prices went too high, buyers are backing away, and instead of meeting the market, sellers are just hiding their houses. That is not a shift, that is a stalemate.
The irony is that this move only freezes the problem longer. No one wins when inventory vanishes just because people do not want to admit values dropped. It feels like the Valley market is stuck between fantasy and correction, and the media sugarcoats it by calling it shifting.
Boo_Randy_II on
“Shifting.”
“Balancing.”
“Normalizing.”
“Adjusting.”
The lengths the dissemblers in the NAR and their shills in the corporate media go to in a failed attempt to obfuscate the reality of what’s happening in the housing market is ludicrous. C’mon, realtors, just come right out and say it – rising inventory, more contracts falling through, and falling prices – despite a big increase in concessions – tells its own story.
Malofquist on
about 7 years ago, my (now) ex wife shifted our marriage
4 Comments
Damn autocorrect added an F.
Homeowners pulling listings instead of cutting prices is not some gentle market shift, it is straight up refusal to accept reality. Prices went too high, buyers are backing away, and instead of meeting the market, sellers are just hiding their houses. That is not a shift, that is a stalemate.
The irony is that this move only freezes the problem longer. No one wins when inventory vanishes just because people do not want to admit values dropped. It feels like the Valley market is stuck between fantasy and correction, and the media sugarcoats it by calling it shifting.
“Shifting.”
“Balancing.”
“Normalizing.”
“Adjusting.”
The lengths the dissemblers in the NAR and their shills in the corporate media go to in a failed attempt to obfuscate the reality of what’s happening in the housing market is ludicrous. C’mon, realtors, just come right out and say it – rising inventory, more contracts falling through, and falling prices – despite a big increase in concessions – tells its own story.
about 7 years ago, my (now) ex wife shifted our marriage