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mk · 1994 days ago · link · · parent · post: Southern California suffers its worst housing slump in over a decade
kleinbl00 and I were discussing the softening housing market a few days ago. I said that winter was coming. He corrected me, saying that it was already here.
In Seattle market has inflected but those that are nimble will be able to get out with minimal losses they just need to be more motivated to sell and undercut the competition. Most sellers will try to get last months prices and have their inventory sit for a long time as they ride the market down. Personally I think it’s got more to do with the amazon stock price than anything, suddenly that crazy amazon money isn’t a sure thing anymore and a lot of buyers are probably getting cold feet.