Viewing a single comment thread. View all comments

Zaedus t1_j2ubfgw wrote

Reply to comment by EveryDayImPublishin in [Discussion] Well, I've officially enrolled in courses to get my Real Estate Sales Licenses in Pennsylvania and Delaware! Long-time Dream, New Year, New Job, New Income Stream! by francisxavier12

Why do you say less action this year?

1

EveryDayImPublishin t1_j2ucddy wrote

While all areas are different, as a whole prices are down due to higher interest rates lowing motivation for a lot of sellers. The industry is contracting some this year which will force lazy agents out. This is something noticeable in how many mortgage companies are going out of business. It will of course rebound, but 2023 will be tight for a lot of markets.

4

Zaedus t1_j2uquuu wrote

Thank you for reply, I have much to learn

3

ebj0hnson t1_j2up5u9 wrote

Lending rates are climbing, which means it’s harder for people to get loans to buy property with. And sellers don’t want to let go because they haven’t really realized that their property is actually dropping in value, also they don’t want to sell because they want to put their money somewhere else but don’t want to pay the ridiculously high rates

2

Zaedus t1_j2uqw5j wrote

Thank you for reply I have much to learn

1