No Signs Of An Upturn In Las Vegas
The Review Journal reports from Nevada. “The number of homes listed for sale in Southern Nevada topped 23,000 in May, just shy of the record 23,474 single-family homes for sales in October, the Greater Las Vegas Association of Realtors reported Thursday. The median price of a single-family home decreased 2.8 percent from a year ago. Sales are down 38.7 percent.”
“‘As we’ve been saying, we don’t expect to see any dramatic changes to these numbers in the next several months,’ Realtors’ association president Devin Reiss said. ‘Inventory continues to trend upward, which tells us, among other things, that sellers need to be more realistic when pricing their homes. There are an increasing number of bargains out there for buyers, but they need to make sure they are making reasonable offers.’”
“Frank Nason of Residential Resources said about half of the homes for sale are empty, probably owned by investors who can’t sell or rent them. Most will probably show up as foreclosures or short sales, he said.”
“‘I showed 10 houses Saturday and all of them were bank-owned and vacant, and I’m talking within a two-mile radius,’ said Julie Brown of Keller-Williams Realty.”
“A flier distributed in the neighborhood of Decatur Boulevard and Washington Avenue advertised a four-bedroom, two-bath house for auction by owner at $149,500 or best reasonable offer. ‘Home will be sold Sunday night to highest bidder,’ the flier said.”
“The number of condos and townhomes listed for sale in May increased to 6,343, up nearly 50 percent from a year ago and an all-time peak for that residential segment. There were 373 sales, down 38.3 percent. Median sales price dropped 5.9 percent to $189,999.”
In Business Las Vegas. “The predictions in 2004 and 2005 that Las Vegas couldn’t absorb all the condominium projects that were proposed are coming to fruition. Nearly one-third of the units in proposed luxury condo and condo hotel projects have been stalled or canceled, according to a local analyst.”
“John Restrepo principal (of the) Restrepo Consulting Group said those who bought condos in 2004 and early 2005 when prices were cheaper have fared the best if they flipped them quickly or sold them recently. Those who purchased in late 2005 or 2006 and wanted to flip them had less flexibility and may have taken a loss.”
“‘Right now, it is soft,’ Restrepo said. ‘It is no different than single family. There are not as many buyers in the market. If you are the seller, more flexibility is the key.’”
“About 15 percent of the condos purchased are serving as primary homes with the remainder going to second homebuyers, investors and speculators, Restrepo said. Most of the buyers are from outside of the Las Vegas market.”
“The state’s job losses triggered by the downturn in the housing market have been deeper than estimated and could worsen as homebuilders struggle with tightening credit.”
“Compared to the 2005 fourth quarter, there were 39 percent fewer framing contractors, 20 percent fewer painting contractors, 19 percent fewer general single-family home construction workers, 14 percent fewer foundation contractors and 10 percent fewer plumbing and heating workers.”
“‘We knew (residential housing jobs) were falling off, but it was dropping faster than we saw,’ said Jim Shabi, an economist with the employment department. ‘It was worse than originally estimated.’”
“That trend hadn’t turned around in April in the most recent estimates, Shabi said.”
“Some had hoped the nation’s housing market had hit bottom, but that hasn’t proven to be the case. Pulte Homes, one of the leading homebuilders in Las Vegas, announced last week that it’s cutting its national workforce by about 16 percent or 1,900 jobs.”
“Pulte has already cut a handful of executive jobs in Las Vegas as part of its reorganization and more layoffs are likely. So far, Pulte has already trimmed its Las Vegas workforce by 14 percent from its 2005 and 2006 highs.”
“‘We are doing what everyone in our industry has been doing for months,’ said Richard Dix, Mountain Area president of Pulte.”
“‘Builders are going to restructure their workforce based on demand,’ said local housing analyst Dennis Smith. ‘I don’t think this is the last one you are going to hear. Other builders will probably have to do similar layoffs unless the market picks up.’”
“There have been no signs of an upturn. New home closings are down 42 percent through April even though builders are ratcheting up incentives to lure buyers. New home prices are down 7 percent for the year.”
“‘It affects the real estate agents, title companies and mortgage brokers, home decorating companies, home suppliers and home furnishers. All of those things are needed for home sales,’ said Monica Caruso, a spokeswoman for the Southern Nevada Home Builders Association. ‘This is an industry in 2006 that sold 36,000 homes. This year, we will be fortunate to sell 20,000. We are coming down to numbers that put us back at sales levels of 1998, 1999 and 2000.’”
“Smith said 2008 may not be any different from this year given the tightening of credit because of a fallout in the subprime lending market. ‘There are much fewer people in position to buy a home,’ Smith said. ‘Nobody foresaw that this would happen. No one had a model for this because it has never happened before.’”
“‘The bottom line is, though a correction is predictable, it is a matter of when and how quickly it would correct,’ Shabi said. ‘The end of the correction is not in sight yet.’”
From LasVegasNOW. “The University of Nevada Las Vegas conducted the mid-year economic report. Its authors make a couple of predictions. If you’re trying to sell your home, it’s pretty dire.”
“More and more people keep trying to sell and the prices keep going down. For people like Mike Fitzwilliams who bought two years ago and suddenly have to sell, it means big losses.”
“Nine months ago, he wasn’t willing to take a $9,000 loss. Now, he’s looking at offers $40,000 below what he paid for his home.”
“Fitzwilliams said, ‘There is a lot of anxiety and a lot of stress that goes along with it. You try to go from here on forward and maintain a positive perspective.’”
“Keith Schwer, of the UNLV Center for Economic Research, said, ‘There has been a housing bubble, a lot of excess supply. We think about 14-15,000 housing units more than we need and that is depressing home building and home building has slowed significantly.’”
What gets built in Vegas
Stays empty in Vegas…
yeah, I’m believing the 2.8 %
try 20
The median price of a single-family home decreased 2.8 percent from a year ago. Sales are down 38.7 percent.”
“The Greater Las Vegas Association of Realtors said that people who are selling or thinking about selling need to look at what their homes were worth in 2004 and then start to go down from there.”
It was only a few years ago when the MSM was caught up in the frenzy and advised everyone to buy a second and third home in VEGAS.
Half the homes for sale are vacant. I wonder how that compares to Florida and California markets. Has anyone seen numbers (percent vacant) for any of those areas?
Oh yes, most of those vacant homes will probably go to forclosure. I wonder if there’s enough vulture capital to absorb them all. Will we be seeing sales at pennies on the dollar, like when RTC was dumping them in wholesale lots?
I just moved from Fl to Ga and was lucky to get my house sold. When I first listed my home in 9/06 there were in Broward County around 28,000 properties for sale. When I sold in 3/07 there were around 37,000 properties for sale. Currently there are over 40,000 now available. With the amount of homes closing each month the county has about a 3+ year inventory….and that is pretty much the same all over the state some places a little better some a little worse…Most don’t expect the housing market in Florida to get better until 2010/11. Even with some property tax relief on its way, prices,insurance,taxes and now higher interest rates will not leave room for improvement anytime soon. My husband has gotten calls from friends in the mortgage business who have closed shop…and from other small business owners who are doing some serious downsizing…I think recession for the state of Florida is definitely in motion..
To quote a famous R.E. prognosticator, “It’s in the bag.”
What does this jerk-off Shabi know? Between 90-96 prices in my area (central coast ca) went down 34.7%. He wasn’t even around then. Four or five years to go. Sellers still in denial phase.
Congratulations on getting your Broward County house sold. You must have priced it reaslistically/aggressively?
Thanks for the on-the-ground report. Always appreciated.
The next closest comp house to mine was listed at $995K(he is a realtor and has sinced reduced his price). I sold and listed mine at $820K plus included some furnishings. So I would say it helped. What was amazing to me was how realtors in my development who had houses for sale and sold tried to sabotage my sale. When the appraiser called them on their comps they tried to say that my house should not appraise better. Guess they wanted to buyers to look at their homes for sale. Lucky for me I knew this appraiser from a professional standpoint and he laughed when he told us what they tried to do. Well, they didn’t get their way, I got my house sold and they are still waiting with more for sale signs going up….
“enough vulture capital to absorb them all”
Vulture capitalists are falling knife catchers and bouncing dead cat eaters.
“Catfish capitalists” are the true bottom feeders.
“catfish capitalists”
“Smith said 2008 may not be any different from this year given the tightening of credit because of a fallout in the subprime lending market. ‘There are much fewer people in position to buy a home,’ Smith said.
***‘Nobody foresaw that this would happen. No one had a model for this because it has never happened before.’”****
Mr Smith is the Mayor of Dumbassville. The logic that home prices would be supported by present wages runs Dumbassville.
You said it so much better than I could have. WTF?!? Nobody foresaw this would happen?!? My brother is a Realtor/broker in LV (he just bought a 5000 sf monstrosity and is now broke because no one is buying), my mother has had her house for sale on the Central Coast of California since March of 2006 - she turned down an offer for 320K for her 2bd/2ba and now has the house for sale below 300K, and my other brother lives in Reno where the economy has tanked like a 10 ton brick (he’s looking for work now). I’ve been visiting this blog and Patrick.net since early 2005 and have NOT kept any of what I’ve learned from my family since then. I feel like freaking Cassandra. Even though my husband and I are renters and have a game plan to buy when appropriate, we are still being impacted by the housing crash.
Nothing is more frustrating when family members and friends literally wasted the best advice anyone ever gave them.
Yep, I told my mom to sell a lot in Florida in 2005 at the peak but she didn’t. She now says she should have sold. The price has dropped over 60% already. Nobody needs a lot when houses don’t sell. The tax on it doubled too.
The ONE saying on this Blog that seems to stand out more then any other is:
The FIRST offer is usually the BEST offer.
————————————-
she turned down an offer for 320K for her 2bd/2ba and now has the house for sale below 300K,
Nope nobody saw this coming…nope out of Left field.
This one from 2005
http://www.lewrockwell.com/englund/englund30.html
We should have a contest to see how far back we can see people looking at this and publishing papers on the coming obvious credit/housing crash.
‘Nobody foresaw that this would happen. No one had a model for this because it has never happened before.’
Paging Ben Jones.
Yup. I think he called it well!
How about them TULIPS, Mayor of Dumbassville.
got cash?
“When I first listed my home in 9/06 there were in Broward County around 28,000 properties for sale. When I sold in 3/07 there were around 37,000 properties for sale. Currently there are over 40,000 now available. ”
Nice! Desperate FB’s/boomers/homeloaners rushing for the exits!
talked to a overhead door due in Bend- biz off 50%
laid off half employees- isn’tBend one of the Nirvana areas ?
NC just the opposite
Bend has close to 3000 places for sale in a town of 80,000 total. I think prices WILL drop 40-50% there in a year. Or worse.
Just drove the highway between Bend and Salem, OR last weekend.
Tons of rural property (houses with acreage) for sale in the stretch from Bend to Sisters, OR, just 15 miles to the west.
I just drove through the whole state last week, and will be traveling through again next week. There are so many listings that prices have to crash.
One worrisome visitor to vegas, that isn’t going away…
http://kutv.com/roughingit/local_story_089230902.html
They’ve been spotted in Lake Mead
“The number of condos and townhomes listed for sale in May increased to 6,343, up nearly 50 percent from a year ago and an all-time peak for that residential segment. There were 373 sales, down 38.3 percent. Median sales price dropped 5.9 percent to $189,999.”
Sounds like a 1.4 year supply on the market.
I moved out of Vegas 6 months ago. I knew lots of people working seven days a week to pay the (adjustable) mortgage, people so broke they couldn’t afford to water their lawns. Vegas is a housing bomb waiting to explode and with higher gasoline, electrical, and interest payments it should be about ready to blow. Glad I got out.
‘The end of the correction is not in sight yet.’”
Hence why we stock up on popcorn.
Its starting. As thus hits into the reserves of the banks who loaned the contractors the construction money…
Though don’t get me started about no one predicting this… I was late among this august crowd, but certainly no Johny come lately…
So where is the NRT? They’re needed soon… past tense in Florida and apparently Vegas.
Got popcorn?
Neil
BTW, congrats on getting hitched!
“Hence why we stock up on popcorn” - as evidenced by the fact that Conagra [orville redenbacher] today made up half the losses its stock suffered earlier in the week.
I have seen lots of houses in Las Vegas area, prices need to come down 30-40% to be affordable.
regarding the comment that no one was predicting this is just a lie. If I could see this 2-3 years ago knowing nothing about housing then those who deal with them on daily basis should have known and I think they did.
I agree. In 2005 I was on other message boards (not this blog) warning people about the disparity of incomes to housing prices. I read about this in the Desert Breeze (south Bay part of LA’s newspaper) in 2005. I think even in 2004 I was thinking bubble. In 2000 I read Harry Dent’s book warning that in late 2009 there will be a big depression because of lack of boomer spending. I think their downsizing of real estate is inevitable. They will be giving huge discounts on their second and third homes!
Question…
I’m looking at May housing stats, there are a couple of ways I could calulate months of inventory (most notibly with and without contingent contracts). What methods do other HBB readers tend to use?
Escrows actually closed vs. inventory would be my favorite, if you can get the numbers.
I calculate actual closing vs. total inventory SFR for the 1rst day of the following month. Palmdale 93352 had 27 sales in April, listed inventory was 562 on May 1rst, thus 20.8 months inventory.
Local housing analyst Dennis Smith: ‘Nobody foresaw that this would happen. No one had a model for this because it has never happened before.’”
He must be a youngin’…they aren’t teaching “common sense” anymore.
The RE downturn of the early 90’s should’ve been training enough, so anyone over (let’s say) 35 should’ve had a good idea of what would happen.
“”There are an increasing number of bargains out there for buyers, but they need to make sure they are making reasonable offers.’”
delicious. a real live offer policeman
Saw that and thought: Or else what?
or else it won’t be a bargain
This is not my housing quote but it’s still one of the best: ‘If you are not ashamed of the offer, then it is not low enough’. Sammy, Txck, Stucco, was it you? Confess!
“‘I showed 10 houses Saturday and all of them were bank-owned and vacant, and I’m talking within a two-mile radius,’ said Julie Brown of Keller-Williams Realty.”
LV landlord where o’ where art thou? You can come out of hiding long enough to give us your thoughts!
“About 15 percent of the condos purchased are serving as primary homes with the remainder going to second homebuyers, investors and speculators, Restrepo said. Most of the buyers are from outside of the Las Vegas market.”
So who is going to pay the HOA fees and maintain the upkeep on those puppies? Who is going to do the gardening? Who will be able to sleep at night for fear that someone won’t torch the complex? Get the dozer ready!
Remember back in the boom days when the builders said investor flippers were not a concern because they were only selling to owner occupiers?
OOOOOOPS!!
Exhibit A: Portland, OR waterfront condos. Supposedly we learned our lesson from happenings in San Diego, Miami, Las Vegas, etc.
Not.
“There are an increasing number of bargains out there for buyers, but they need to make sure they are making reasonable offers.”
Mr. Reiss I expect to see at the nearest homeless shelter by years end.
He could get a job as a twirler for one of the homebuilders.
I heard on the news yesterday that the Indian gaming casinos profits are going through the roof. People in CA can stay instate and use the gas and hotel monies for gambling, why head for LV. And for all those houses sitting vacant: remember weeds will grow, the insides will deteriorate, fire insurance will go up, and crime will follow.
It would be very nice to own one of those Indian casinos. My friend goes frequently and says it is always packed at Thunder Valley near Sacramento,Ca.
Cash advances on credit cards put down on black to pay the bills?
I swear, reading “Indian casinos” I thought “wow, they really mean business with all that outsourcing talk”.
When gas prices are high, Casino Morongo beckons.
Moron go?
The slots in Indian casinos don’t pay as much as the Vegas ones, you can get a better class of person for the poker games in Vegas and you an find single zero roulette in a few of the casinos.
Players serious about winning go to Vegas. If they just want to kill some time in a casino, then the Indian casinos are fine.
Except for casino management and a few poker geniuses, anybody serious about “winning” stays the hell out of Vegas. Single 0 on roulette means the house only gets 2.8% (or so) instead of 5 and a half. You still lose.
But a great business model, to paraphrase Steve Wynn: people come in, they give you all their money, and they leave.
“…you can get a better class of person for the poker games in Vegas …”
The worse the quality of the poker players, the better I like them. Especially if they THINK they are poker gods…
Just as I do not gamble in Las Vegas, I do not gamble at the Indian gaming casinos in California either. As a person whose last residence was a single family house that I sold with a very nice profit almost three years ago, I am saving my money for my next residence after the real estate bubble completely deflates.
Old School Vu…
And his bevy of beauties
http://en.wikipedia.org/wiki/Tom_Vu
The commercials were funny and a classic. They always featured some bikini babes around Tom implying you can make a lot of money and get babes if you signed up for his course.
“There are an increasing number of bargains out there for buyers, but they need to make sure they are making reasonable offers”
Uhhhhh, no I don’t. When I’m looking, I only make *unreasonable* offers. If the seller doesn’t want to take it, fine, I keep renting the house we’re in and saving $2,000 a month over buying. Is there actually something BAD that will happen if I make “unreasonable” offers?
Oh, yeah, I may lose out on my DREAM HOME, the one and only home that is PERFECT for us.
Feh, you wouldn’t believe how many dream homes are on the market right now, at dream prices, for those willing to extend themselves to simulate a dream income.
So far I’ve been under contract or bought 4 homes in the past 7 years…I *KNOW* that when one “dream home” disappears, there is ALWAYS another that takes its place.
“you wouldn’t believe how many dream homes are on the market right now, at dream prices,”
I think you are on to something. I could never understand how so many people were saying that they had just bought their ‘dream house’ and were so quick to sell it. So ‘dream house’ in RE speak was one that you bought and hoped to sell in a short period of time for a ‘dream price’.
“Las Vegas. “The predictions in 2004 and 2005 that Las Vegas couldn’t absorb all the condominium projects that were proposed are coming to fruition.”
Whoda thunk.
Again, we are not talking rocket science.
“There has been a housing bubble, a lot of excess supply. We think about 14-15,000 housing units more than we need”
But…but…but…what about the 5,000 people a day (or whatever the number was) people moving to Las Vegas for the zillions of new jobs being created each day? They have to live somewhere! And there is no more land to build on, as the BLM owns the billions of square miles of desert around Las Vegas, limiting supply. And…and…and…
Where is LVLandlord when you need him/her?
Umm..BLM?
Bureau of Land Management
Bureau of Land Management - The federal government.
One of the reasons that LV real estate bulls gave for why RE prices would forever be high in Las Vegas was that there was no more land to build on - the same argument used on Manhattan Island and San Francisco.
However, when you actually fly into Las Vegas (or virtually fly over it using Google Earth), you see that there are bazillions of acres of land available for building, in bazillions of flat, wide, desert valleys - as far as the eye can see, and beyond. When asked about all of this blank land and the supposed limited supply, the LV RE bull would usually reply “yeah, well, all of that land is owned by the BLM, so no one can build on it”.
They never get around to telling you that the BLM regularly sells very large plots to developers.
What about water? Where is bazillon gallons to support the all the developers dreams. Wet dreams?
Not only does the BLM regularly sell plots to developers, but for years there were huge parcels of land that went unauctioned due to lack of interest. Yeah, imagine that, especially with all this b.s. of land now being “scarce” in Vegas. Of course, this was also a few years ago when house prices were 50% below the current “values”. The past few years during this bubble developers have been snapping up everything they could get their paws on.
Hmm, as a local I’m going to say housing prices need to drop 40-50% for the average Vegas locals to afford them again. And huge housing developments that require hour long commutes out of Vegas (Pahrump, Kingman, White Hills, Coyote Springs) will be DOA, with the price of gas and water. (Don’t forget the fact that many of the people who move to Vegas come from areas where they are trying to GET AWAY from such crazy job commutes).
Those zillions of new jobs were dependent upon growth. Look for a nasty population trend reversal this year.
“The University of Nevada Las Vegas conducted the mid-year economic report. Its authors make a couple of predictions. If you’re trying to sell your home, it’s pretty dire straits.”
http://www.youtube.com/watch?v=tlAPDQdHqCY
One of my fellow employees who moved here from Las Vegas, moved back last week. He left because he was unable to sell his house after having it on the market for 9 months. What happens in Vegas stays in Vegas… I guess that applies to “home owners” too.
“‘Builders are going to restructure their workforce based on demand,’ …
Oh, restructure, thats good; at least no one’s getting the axe,…are they?
I’ve always like the Brit expression, “made redundant”.
I wonder if all the deserted overbuilding will negatively impact the LV image. There are miles and miles of stucco tracts as far as eyes can see along the I-15. When all that sags and deteriorates isn’t LV going to become a very weird place to visit?
The last chance for people to extract cash via the proven heloc method, has come and gone…
Where are people gonna get the do re mi to gamble with?
Their savings?
http://www.amazon.com/Fear-Loathing-Las-Vegas-American/dp/0679785892
What was the name of that futuristic ‘New York’ movie and the name of the ‘hero’ was Snake? Just put Las Vegas’s name instead.
“Escape from New York”. It was a cool movie when it came out in the early 1980’s. Man, times flies.
That’s “Snake”, “Snake Plissken” to you!
While there at it, they could remake Bladerunner, set it in the LV of the future. Call it Bladecatcher.
Isn’t it weird enough already?
I had an acquaintance that bought a house a year or two back in LV for 500k, all I could do was laugh. This is just another bad decision, in a very long list of decisions in this persons life. I am sure he is bust now, since he was also a professional poker player. Just your typical guy with too much gamble and not enough money, and figured he should get a house because everyone else was. I expect Dustin will be dealing tables soon, and living in a rented room in a house.
Wow. It looks like has stepped off the band wagon with this article titled: “Nation doomed to 2 million froeclousures.”:
http://tinyurl.com/279ern
The other day, someone posted an article here suggesting that 1 million ARMs would reset in the next two years. I posted that I thought 1 mil seemed low, based on (a) CS chart ($900B 2007-08) and (b) some other estimate of $2T. I can believe 2 million ARMs will reset shortly, that seems more like it. But 2 million foreclosures actually sounds a little high. Oh well I know nothing.
Homeownership rose from 64% to 69% due to lax lending. I would think that going back to 64% is a given, and in that case 2 million foreclosures are more than reasonable.
Smith said 2008 may not be any different from this year given the tightening of credit because of a fallout in the subprime lending market. ‘There are much fewer people in position to buy a home,’ Smith said.
Yeah, that’s right, it’s interest rates. It could never be prices.
The denial is strong in this one, Luke.
I’ve been looking for a rental in Green Valley (Henderson) - slim pickins despite all the empty homes. The ones I would want are asking $2000 and up. Asking realtors if the owners generally come down from the asking price is a joke. All they say is you really should buy; they’re like a broken record.
I’m willing to admit to a champagne taste with a beer budget
Right now, it looks like I may have to have to go for that range (we probably could but I don’t wanna!)
Anyone know of any other info resource on typical rental prices in an area besides rentometer.com?
craigslist.com
Not dot com. Go to (cityname).craigslist.org.
You are on point.
I’ve got people coming tomorrow to look at my place, and I think they’re very interested at my FSBO price. I warned them that on Monday an agent takes over and the price isn’t going to be as good. I’d like to see them come in, say they want it, I call the agent and cancel the listing before it even takes effect, they pay less, and I make more. However, she slipped and said they were “trying to sell their own house now”. That’s just not a contingency anyone in this market can accept anymore. The only contingency I’ll accept it failure of inspection. The agent gets a deadline, too. If I have to ride it out, I can, no mortgage, a couple of thousand total debt, and a house I really don’t want to leave (being pressed by federal guidelines related to a deceased co-owner, the only way I can get out of those guidelines is to sell.) My price with the agent is about mid-2004 level, my FSBO price was early 2004.
But this Vegas market is absolutely grim, really frightening if you see the continued overbuilding. I’ve never understood where the people buying these houses earn their money. I think things took a turn here a few years ago when one of the major builders (Centex? Pulte?) shocked the housing scene by dropping prices on new homes. Housing was never quite the same after that move.
I think that was Pulte on an over 55 years old and older seniors development.
You’re right, they’ve taken over the Del Webb name. I just can’t recall the builder who rocked the boat on prices here in Vegas. I’m looking in one of the Del Webb developments if I do move. Resales there range all over the place, new is about $251K on the model I like. Some resales about $17K below. Some new ones recently listed at $275K. Pay 275 when you can get new for $251. They’re nicely fitted out places, though. The one thing I’m not crazy about is living arounda bunch of crabby old fa*ts. If I want to see that, all I have to do is look in the mirror.
Why not counteroffer and accept their contingency but make the offer bumpable if another offer comes in? Best of both worlds, IMO.
If I kept it a FSBO that was my intention. However, I signed with a brokerm but delayed the agency until after I had seen these people, as they had contacted my while it was a FSBO. After the agent takes over, they want the commission even for people I dealt with before they came in, though I suspect I could fight that if I chose to. If the agent can’t produce in two months, I’ll drop them and after 30 days can sell any way I want. I’ve got to try the exposure of the broker, though, had it 6 weeks as FSBO feeding off other for sales in the neighborhood, but those have sold. I’ll give the guy a chance as I’m not being pressed except by health and personal circumstances to get it done in a reasonable time, and before prices drop even more. So many on here say Fall will be bad, and I’d like to get it done before that.
Time to leave work!!! Everyone have a good weekend.