Tuesday, November 18, 2008

Window to Negotiate with Sellers is Closing

Dan Green, mortgage guru, says:

There are a few reasons for home supply dip:

1. Home buyers are keenly aware of the negotiation leverage they have over sellers and they know how to use it
2. Banks are getting good at selling foreclosed homes

These two elements combined to help homes sell like hotcakes during what is typically a "slow" month in real estate, boding well for the housing market going forward. The figures are consistent with the other housing data from last month that showed more homes under contract and more homes selling.

You can read it all by clicking here.

I know what he means about "slow" month. My month so far has been busy, busy, busy. Buyers are flocking to town in what is usually my time to catch up and work on my Web site.

No comments: