Saturday, March 30, 2024

Leave Now, Before the House Price is Zero

3/29/24 Newsweek:
"The number of homes for sale in the California market, which has seen listed prices being slashed by sellers, has grown in the past few weeks, according to the listings available on Zillow, as the spring homebuying season begins.

"As of Friday morning, 76,577 homes were listed for sale on Zillow by agents in California and 3,843 by owners and others. These included all types of homes—apartments, condos, single- and multi-family homes, townhomes, and lots. Of these, 10,873 were listed by agents, and 308 were listed by owners. Others had a price reduction."

Why anyone stays there mystifies me.  It does seem as though the time for people who do not fit the progressive paradigm to sell and buy somewhere cheaper.