Real Estate minute with Steve-June 11
Wednesday, Jul 12, 2023
15444 current inventory with 931 selling, first time we hit this amount of inventory since August of 2022, we are still in better shape then last just based on the lower inventory and still having more sales.
We noticed a slow down in the market with lower showings on our listings, all we can do is price adjust to get offers on the table.
AirBnb is in trouble The advice we give to clients is always base the purchase on long term rents rather then inflated Airbnb rents but the good thing we are cleaning up as ex Airbnb owners are not pulling in the income they're selling off their properties cheap giving our clients great opportunities to purchase .
July 12th 2023 expect another interest rate hike ! Have a great day !