7% of total transactions distressed combined with scarcity...I am not seeing any discounts for these few distressed properties. The bean counters at the bank seem to know that they do not need to discount their distressed inventory to sell (due to lack of supply).
@Manausa
6 ай бұрын
That's a great point @kevinmilligan9555, I appreciate you taking the time to add to the discussion.
@buddygridley3333
6 ай бұрын
Excellent analysis! Thanks Joe.
@Manausa
6 ай бұрын
I appreciate you taking the time to comment @buddygridley3333, thank you!
@chrispoyner3338
6 ай бұрын
The % of listed homes under contract in a balanced market reference in 5:40 compared to the % of listed homes under contract in our current is pretty wild, even though it's down compared to where its been! Just goes to show how intense our market has been and how wild it remains when compared to "Normal". I think the recency bias and court of uninformed public opinion will say "The market is coming down," but I think this data shows "It's going to continue to go up, just not as fast!" Thanks for the data Joe!
@Manausa
6 ай бұрын
Thanks for sharing your experience @chrispoyner3338, it greatly adds to the video and channel.
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