Real Estate – Buyers Market Again?

During the pandemic lockdowns, supply was crunched and it became a sellers market. Buyers had little say in floor plans, lots, and premium options. The highest and best offer process took over hot markets. Commissions for the buyers agent were reduced by builders.

Buying new construction was stressful! Prices were also skyrocketing every week. It seems now with interest rates exploding, demand is being suppressed. Fewer offers so sellers are starting to be more accommodating…or so it appears? Have you noticed the same?

Im curious to see what incentives builders can now offer? Previously there was no room for negotiation since homes were flying off the market?

On a related note, how do you see new home prices moving? Will they be flat, or is a 10% reduction coming?

submitted by /u/holdmacalcuator
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During the pandemic lockdowns, supply was crunched and it became a sellers market. Buyers had little say in floor plans, lots, and premium options. The highest and best offer process took over hot markets. Commissions for the buyers agent were reduced by builders. Buying new construction was stressful! Prices were also skyrocketing every week. It seems now with interest rates exploding, demand is being suppressed. Fewer offers so sellers are starting to be more accommodating…or so it appears? Have you noticed the same? Im curious to see what incentives builders can now offer? Previously there was no room for negotiation since homes were flying off the market? On a related note, how do you see new home prices moving? Will they be flat, or is a 10% reduction coming? submitted by /u/holdmacalcuator [link] [comments]

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