San Antonio housing market coming back down to Earth

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Sales of existing homes dropped again last month, signaling the market is calming down from pandemic frenzy.

– Sales of existing homes dropped again last month, signaling the market is calming down from the pandemic frenzy.“Prices were high,” he said. “People were outbidding us. We’d put in an offer. We’d be a little over asking, and somebody else would come in even further over asking.”

Last month, existing home sales dropped yet again, down 28 percent compared to the same time last year, according to figures from the San Antonio Board of Realtors. “The market started shifting in July,” said Monique Cardenas, realtor with Frontline Properties Group. “So, now, our buyers have a lot more opportunities to get the home that they’re looking for.”

“We are past the three percent interest rates and multiple offer situations,” Cardenas said. “So, it’s really about educating our clients right now.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 442. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley Bank failure touches San Antonio tech companiesThe collapse of the Silicon Valley Bank, which catered to the tech industry, caused some near-misses for startups across the country, including in San Antonio.
Source: ksatnews - 🏆 442. / 53 Read more »