4.8 • 692 Ratings
🗓️ 24 July 2025
⏱️ 38 minutes
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0:00.0 | Let's stop talking about buyers. |
0:05.0 | The real shift in the market is now happening with sellers. |
0:08.4 | It's very true. |
0:10.1 | Like, is the whole market shifting or some market shifting? |
0:12.9 | What do you think? |
0:14.0 | Yeah. |
0:14.3 | Well, if you look at June, we have 517,000 new listings, which is down 3% from May and 3.5% year over year. |
0:26.0 | Down? |
0:26.8 | The listings are down. |
0:28.4 | Yep. |
0:28.8 | Yep. |
0:29.2 | We have sellers, you know, sellers are pulling back because, you know, as much as people |
0:34.6 | want to think that this is 2008 and listings are just going to keep piling up, |
0:39.5 | the truth is is that right now sellers do not have to sell. |
0:43.3 | So I think what we've seen the last few months is people that did have to sell because they already bought something and they were doing a slow transition over. |
0:51.5 | But now in this market, people are in low rates and they're waiting to, |
0:56.4 | you know, we're seeing a lot of buying on contingencies and, you know, nobody's buying a |
1:00.5 | house before they sell theirs. And, uh, they're pulling back. Let's talk about who does have to |
1:05.7 | sell because I think that is, um, kind of the predominant, you know, those are the people that are you know they have |
1:14.2 | relocated right or maybe they need the equity or maybe they're going through a divorce but if |
1:21.1 | you're sitting on a bunch of equity or you know a lot of these people uh don't have any loan right |
1:27.1 | or you have a really low loan right and you're just uh you know, a lot of these people don't have any loan, right? Or you have a really low loan, right? And you're just, you know, trying to upgrade your home. Your payment could double. Or downgrade your home. You know, there's people that are like, why downgrade right now? We're comfortable if we're not going to get the max profit from our house and we have to then buy something |
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