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by Calculated Risk on 11/03/2022 09:19:00 AM
Today, in the Calculated Risk Real Estate Newsletter: “Interest rates have put the brakes on the market.”
A brief excerpt:
Here are some interesting real estate agent comments from around the country courtesy of Eric Finnigan, VP at John Burns Real Estate Consulting:
#Sarasota, FL: “I’ve had numerous buyers looking but the prices are much higher than they want to spend. Many pulled back waiting for the market to go down.”
…
#NewYork: “Open house attendance is weaker than usual, and sales take longer.”
#OrangeCounty, CA: “Interest rates have put the brakes on the market.”
And here is some info on bidding wars from the survey:
If you are an agent, you can participate in this monthly survey … Burns Real Estate Agent Survey
There many more comments in the article. You can subscribe at https://calculatedrisk.substack.com/
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