As reports and market summaries like the below start to track the recent data it is soon to be “official” that the market has turned into a buyers’ market. After a couple years+ of an incredible seller’s market the turn is coming very fast. Many in the industry would say it has already shifted (I would agree with them) but as reports start to track the data over the last and next 90 days it will become “fact.” The question that comes to my mind is, will it be as dramatic as the seller’s market was. How big of price reductions, how much will be offered in concessions, etc.
Article: Home Price Growth Decelerated in Q3
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