With property prices falling, new listings drying up and lacklustre buyer demand, what’s usually the busiest time of year for real estate is looking gloomy.
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Realtors are bracing for the toughest spring in years, warning that buyers have gone on strike before what is traditionally the most popular time to sell amid property tax concession changes and higher interest rates.
Listings were already falling and were below last year’s levels in major cities, with real estate data analytics firm Cotality warning that “further momentum” would come out of the market before spring arrived.
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From deploying stunts about false robberies to sharing tactics to avoid buyers seeking discounts, real estate agents are talking…
Frustrated sellers who pulled homes off the market last fall are now re-listing them at a quick pace, thanks to lower mortgage…
From property stylists to real estate agents, those in the business of buying and selling homes are feeling the pinch as…
Real estate agents grappling with falling property prices are trying a range of social media tactics to encourage buyers back…
Estate agents warn ‘nerves are wrecked’ as interest rates stay flat
Some economists expect double-digit property price falls, but some home owners have little choice but to sell.
‘Situational selling’: The home owners who are selling in a downturn
