Tag Archive for: price reductions

Panic Over Price Reductions Is Unwarranted

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“If the housing market is so strong, why are we seeing so many price reductions?”  That was a question I received last week. And the answer is… we always see price reductions.   Read More

Do Price Reductions Signal Depreciation?

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Price reductions do not signal depreciation… yet.. and they won’t until we see people actually sell their homes for less than what they paid for them.Read More

Save Money With Seller-Paid Rate Buydowns Instead of Price Reductions

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A “rate buydown” gives borrowers lower interest rates in exchange for higher fees or “discount points” paid up front (when they close). We discourage rate buydowns in general because borrowers rarely hold onto their mortgages long enough to make the extra points or fees worth the added expense. But – if sellers are willing to pay for the rate buydowns, my opinion changes quickly.Read More

Rate Buydowns Instead of Price Reductions; BETTER for Everyone!

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We are starting to see a lot of stale listings at the higher end of the market. This is b/c “slow season” is starting and b/c the high-end market seems […]Read More