102 Housing data shows sellers now exceed buyers by over 500,000, marking the largest imbalance ever recorded in the market (media.kotakuinaction2.win) posted 298 days ago by SophiesBoyfriend 298 days ago by SophiesBoyfriend +102 / -0 52 comments download share 52 comments share download save hide report block hide replies
Price memory on such a high value asset is also a factor here. People don't want to lose hundreds of thousands on real estate, so they refuse to lower their selling prices. They feel entitled to their inflated housing values.
Curious if there is going to be a massive value decrease as they try to dump properties to prevent paying property taxes.