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Sales Decline, Price Drops and The Return of Buyer Incentives

July 24,2022 | Posted By Dinorah Carmenate in re
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While this article is talking about the real estate market of new builder housing, in my 30+ years of being in the real estate business, when there is a correction it always starts with new builder housing.  
This article talks about builders being 50% off of their projected sales, their client interest list declining, brand new homes sitting on the market, and best of all having to give BIG buyer incentives to sell their homes.  
While the majority of these builders are out-of-state, in my 30$ years of being in real estate, these corrections/declines always start outside of CA. CA is always the last state to correct and the last one to come out of a correction. This is good news because it tells us we still have time to sell at the peak before the market corrects.  
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Source: Inman


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