Everywhere I go the people who know I am a real estate Broker ask me about the current real estate market. It is still crazy but I think it is in the process of changing again.
It has slowed down some because we are still dealing with a super low inventory of homes. We currently have under 700 active residential listing in a 15 county – or more- area. Sellers are hesitant to put their homes on the market for fear they will not be able to get another home if they are staying in this area.
Meantime, Buyers are trying to buy something, making endless offers on properties, only to lose out in multi-offer situations.
Cash is still king because it eliminates so many issues in the escrow process. No financing contingency and most importantly no…
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