I don't often use exact examples from my professional life to make my point through my blog (I don't want to compromise my clients' confidentiality) but, I feel that this topic/experience is important enough to illustrate my frustrations.
A few months ago, I was driving through the neighborhood looking for possible development opportunities for myself and business partner. I came across a huge duplex, in an ideal neighborhood. Although, the house was not being actively marketed for sale, the construction work on the property had obviously been halted months ago. So, I decided to do some further … (5 comments)
sellers: I'll Call It: The Bottom is Here!
- 02/18/09 06:00 AM
Recently, I have been pouring through market data for my area. And, I have noticed a few pleasant trends in the market. First, the number of listings that are expiring without a sale is down significantly along with the number of listings in general. Secondly, and perhaps most importantly, listing prices in the New Orleans Metropolitan Area have stabilized greatly in comparison to the rest of the nation the average difference between the original listing price and the final sales price is narrowing.
This can be interpreted in many ways. I believe that it is a positive for sellers' and … (4 comments)
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