YouTube agents in Orlando

[James McGovern]

Why does it feel as if agents in Orlando won't discuss the declining prices in central Florida as if they want to prop up the overinflated builders. There are many buyers that are sitting on the sidelines waiting for the prices to crash severely who would bring them business if they did the right thing

[Shawn McCormick]

This is from May (latest stats available) from Florida Realtors.org. This graphic is for the Orlando MSA. You can see that prices are flat from a year ago. So although there is a lot more inventory of homes for sale, prices are not falling at the rate many think they are, it is actually a pretty balanced market (not a buyer or seller market). Many keep saying its a buyers market, that is not technically true according to how that is measured. Yes, buyers are seeing advantages.

Builders are giving products away in the form or interest rate buy downs and closing cost assistance. They, for the most part are publicly traded and have to keep hitting numbers to satisfy that. IMO, those incentives will likely be going away or drastically reduced before the end of the year. I've had many buyers that have been saying for nearly two years that they are waiting for prices and/or interest rates to crash....and they are still waiting, renting, throwing money away, not owning anything. And lets say prices do crash...that will bring all the buyers sitting on those sidelines into the buyer pool and that will drive prices back up because, you know, supply and demand. 

Hope this helps, but if you understand how agents earn a living, its only by selling a home. They have zero salary, 401k, insurance or any benefits. So propping up the builders doesn't do anyone any good, perhaps they are new, don't understand the market they are in, don't educate themselves or just aren't good at their job.