Valley News -

By Kim Murphy
Murphy & Murphy Southern California Realty 

Real Estate Round-Up: Two responses to a transitioning market

 

Last updated 1/31/2019 at 11:58pm



Last week, I reported on the transitioning real estate market. Moving from a seller’s market to a buyer’s market, presents a huge psychological shift for buyers, but even more so, for sellers. Buyers are ready to take over the steering wheel, but sellers are having a hard time giving it up.

Let’s first look at the components that have brought us to this point of transition. We have an affordability problem. The affordability is directly related to lack of supply. Lack of supply drives prices up. The fact that interest rates continue to rise, even with intermittent drops, also has an i...



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