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Are High Prices finally coming home to roost?
July 27th, 2007 2:57 PM

Seems like high home prices, high gas prices and plain instability in the market are finally rearing their ugly head.  For every broker you'll find that likes to crow about a multi-million $ sale - some into the eye popping eight figure range!!  you'll find dozens of everyday brokers telling the tale of slow buyers - or none at all.  A casual glance at the listings, both rentals and sales, or a drive along any area back roads - will clearly demonstrate the stalled nature of this market - one of the worst rental seasons on record - despite the bs of a few high priced brokers - never do I remember so many rental signs and rental listings out during the course of the high season - and stores and restaurants are clearly seeing the dip too - just ask.

 

If a property is priced fairly - an elastic term for sure - or the renter or buyer simply falls in love - no problem - but for the vast majority of sellers and buyers - the new reality - new realty life - is finally sinking in.


Posted by Andrew Tilson on July 27th, 2007 2:57 PMPost a Comment (0)

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