/biz/ - Business & Finance

Anonymous Sun May 28 21:25:52 2023 No.55115981 [View]
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>>55107871
I am seeing that residential sellers want 3% mortgage rate prices. There is this new build subdivision that has first listed in 2019. They delisted from MLS and relisted two times with higher prices. They have only sold a quarter of them and have reduced prices by relisting on MLS at lower prices two times. They thought they could sell them at sky high prices in 2021 and 2022. Now they are holding a bag.

I am seeing that residential buyers are too afraid to put in a "low ball" offer. And by low ball I mean adjusted for interest rates. Office buyers are getting insane deals. Over 60% price reductions.

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/biz/ - Business & Finance

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