I received a question recently from a reader that can basically be boiled down to “does record-high inventory really equate to the ‘larger selection’ that real estate agents have been touting recently?” Here is their reasoning for asking:
Let’s say (just making numbers up here) that during the boom years 10 houses with your parameters [...]
As a follow-on to Tim’s post yesterday about the practice of relisting properties, here is a look at what has been happening to inventory over the past few years, and how the trends have changed over time.
The questions “what is happening with all of those listings” and “how many sellers just give up?” [...]
A few people pointed out this national story that ran on last night’s Nightline: Buyer Beware: Unsold Homes Are Often ‘Re-listed’.
It’s a tactic called “re-listing,” which is legal and more common than you think.
“Re-listing is just refreshing the home on the market,” Niece explained, “making the home look like it just came on the market.”
“When [...]
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