by Bill McBride on 1/13/2013 10:33:00 AM
Sunday, January 13, 2013
Jim the Realtor posted a short and interesting video.
Since the market is "hot" in Carmel Valley, San Diego, and there is very little inventory, some sellers are pushing up the price with the expected result - no takers.
As Jim notes: "I don't think you are going to buffalo today's buyers. I don't think they are going for. They have access to all the data. They know the comps. They know the one around the corner is priced [significantly less]."
"Price pushing" will probably contribute to some increase in inventory this year.