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The End of the Buyer's Market, Can You Feel the Shift?
Buyer's, you may not be in a buyer's market for much longer.
At Family Reunion (Keller Williams Convention) in February, a panelist from Ann Arbor talked about his market turning in 3 weeks with multiple offers coming in on everything.  In Las Vegas a team leader told me they had a 2 1/2 month inventory with multiple offers on everything.   An REO agent in my office in Big Bear told me she's entertaining multiple offers on everything the bank will let her price right.   My buyers just entered into a negotiation on a house in Big Bear Lake that was on the market for 1 day and lost out to 2 full priced offers while they were deciding to sign the Seller's counter.   My Seller got two offers on a house in Big Bear City and while waiting for buyer responses to his multiple counter, he got a third over asking offer. One of my buyers said he wasn't worried because the uptick in interest rates would hurt the market.  
I have come to believe that that increase might be spurring the shift.  
There have been so many buyers worried about getting in and losing equity ... more

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