Sellers Outnumber Buyers in Record Numbers
饾悡饾悺饾悶饾惈饾悶 饾悮饾惈饾悶 饾惂饾悶饾悮饾惈饾惀饾惒 饾煋饾煐饾煇,饾煄饾煄饾煄 饾惁饾惃饾惈饾悶 饾悺饾惃饾惁饾悶 饾惉饾悶饾惀饾惀饾悶饾惈饾惉 饾惌饾悺饾悮饾惂 饾悺饾惃饾惁饾悶饾悰饾惍饾惒饾悶饾惈饾惉 饾悽饾惂 饾悁饾惁饾悶饾惈饾悽饾悳饾悮.
In September, the number of active home sellers climbed to 1.51 million, the highest since March 2020.
Meanwhile, active homebuyers fell to just 929,000. . .a record low.
There are now 63% more sellers than buyers.
Back in 2021, the situation was almost exactly the opposite. Buyers outnumbered sellers by more than 630,000. What changed?
Home prices soared. Mortgage rates climbed. Monthly payments became unaffordable for millions of households. And now the chickens have come home to roost.
Sellers are competing for a shrinking pool of qualified buyers. Price reductions are becoming commonplace. Homewners who expected a quick sale are discovering that it isn't 2022 anymore.
When the traditional way of buying and selling real estate stops working for so many people, alternative ways of structuring deals become more relevant.
That's true for sellers who need options beyond another price reduction.
And it's true for aspiring real estate investors who keep waiting for lower prices, lower rates, or enough cash to finally get started.
The question isn't just whether this is a good market to buy real estate It definitely is.
It's whether you know how to recognize an opportunity and structure a deal that works for everyone involved.
If you're an aspiring investor, the usual excuses apply:
A) Not enough cash to get started
B) Uncertainty about finding a good deal
C) Fear of making an expensive mistake
D) Not knowing how to structure a deal without relying on traditional financing
If you're stuck on one of these challenges, stop consuming content. You know more than you realize. You have Paralysis of Analysis. Find someone who is already successful doing what you want to be doing. Opportunities like this current market don't come around often and don't last forever.
Carpe diem
饾悂饾惃饾惃饾悿 饾惉饾惁饾悮饾惈饾惌饾惉 饾惁饾悮饾悿饾悶 饾悳饾惃饾惂饾惎饾悶饾惈饾惉饾悮饾惌饾悽饾惃饾惂饾惉. 饾悞饾惌饾惈饾悶饾悶饾惌 饾惉饾惁饾悮饾惈饾惌饾惉 饾惁饾悮饾悿饾悶 饾惁饾惃饾惂饾悶饾惒.
饾悞饾惌饾惃饾惄 饾悞饾悮饾惎饾悽饾惂饾悹. 饾悞饾惌饾悮饾惈饾惌 饾悎饾惂饾惎饾悶饾惉饾惌饾悽饾惂饾悹.