“Prices are coming down because interest rates are going up; “
We keep hoping to see that, and have had our eye on a couple pieces of property for several months. They haven’t come down even one cent. We figure the homes are owned outright, the sellers aren’t in desperate situations, and can afford to wait however long they have to.
1. Many people don’t have to live in close proximity to their employers anymore.
2. Related to the previous point … One of the biggest reasons for putting your home up for sale on short notice — i.e., you’ve lost your job and must relocate — doesn’t have the same influence on the real estate market anymore. The last two people in my circle of close friends and family members who changed jobs never had to move even though they are now working for new employers in a different time zone.
are these properties that you have your eye on, on the market?