Sellers in PANIC MODE ( 20% Forced to Reduce Prices! )
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Home Sellers Across America are in SHOCK and they panic to unload their properties before the housing market totally flips. We are now seeing a whopping 20% of ALL home sellers in America reduce their asking prices on their homes. This is a very big transition from where we were just six months or a year ago. The housing market in 2021 was one where a seller could nearly any price they wanted and would find ten or twenty buyers willing to purchase their property for full price or over asking price.
That tone has completely changed and now we are seeing these price reductions happening all over the country and buyers become more cautious about purchasing a property right now. These home buyers see the trends and statistics on the housing market and with this they are sitting on the sidelines and not purchasing a home right now.
They see that home prices will likely decrease in a large way once we see higher mortgage interest rates and the entire economy adjust to a more expensive landscape in which home sellers will have to adjust their asking prices even further.
Home sellers that were greedy charging very high prices will have to reduce their home prices quickly to unload their home before the market crashes or they may soon regret it as all the home buyers, real estate investors and house flippers leave the room entirely.
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