What is the FHA market and Hampton Roads doing ?

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Market study for June 6 2008

Listings are down by 2489 and buyers are down settled sale of 2153 From YTD of 2007

_{Lets get serious about selling this house are you willing to do it !}

Looking at the reports it might tell us Sellers have decided to not sell. Buyer traffic is low so the thought is they are making low offers and the inventory is decreasing not from buyers buying but sellers who are not willing to give it away. Stealing a home is not going to happen sellers have decided they are not willing to loose. It shows us based on stats this might be the case.

Sellers listings are dropping that appears to be a good thing but with that the buyer traffic is dropping as well. _{% rates of change reflect that the seller traffic YTD down 12 % Listings inventory and  Buyers are Down 24%}

_{Absorption rates will tell us if the market is changing and what is your absorption rate?}

_{Lenders are looking at the time you wait for an offer if it takes to long they may fee like your home is in a  declining market. The goal is to get this home SOLD. Lets not play games lets get the job done.}

_{Are you choosing to be competitive or are you wanting to sit.}

_{Adjustments for sq footage is  interesting. We just did a study with multiple appraisal both recent and up to 2 years old. In the 200k+ range we see about 45 sq foot even in a million dollar house. WE see a few homes that were as low as 20 a sq foot adjustment.}