“Our prediction,” Schnapp said, “is that we will continue to see sluggish sales and prices that grind higher but at a much slower pace until either prices adjust or new inventory comes on the market.”
Sales decline, price continues ==> Sales Decline when demand is there means fewer homes, but hike in price.
This is not good for waiters or buyers, but good for owners/holders.
Let us wait and see what FED does.
More of the same…prices up, sales down. Congrats Owners!!! Want to sell??? God, am I sounding like all those soliciting realtors??? I tell them, if you have a replacement house under your control then let’s talk. I don’t hear from them usually again…
It’s the same story nationally. I love the click-bait headlines most “news” outlets use. It’s clearly designed to portray that real estate is doing poorly, and they should click to read the gloom and doom.