Quote:
Originally Posted by lorenavedon
the number of listings doesn't seem high to me at all given the population of our city and the number of people that move here every year. The only downside is the buyers on the sidelines waiting to see how things play out. But in the end, that's what they are, on the sideline. There's still TONS of buyers out there just waiting, when they finally decide it's safe again, watch out! too the moon
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They won't move here till we recover. It could be a long while before we do.
And that ton of buyers will disappear when the bad news continues. Everyone and their dog already owns a house here, who's left to sell to, speculators? They are already sweating, every 4th house on mls is vacant.