Credit-Suisse reports in June of 2010 that real estate traffic takes another step back as Buyers' economic anxiety increases.  Buyer traffic, home prices and incentives continue to fall in the 12 largest real estate market in the country.  The lack of buyer confidence, economic concerns, and uncertainty of future employment keeps buyers on the sidelines.  Buyers are looking for a steal or a deal - cash is king!

Home prices continue to be under pressure from weaker demand, higher & increasing inventories, as well as stiff competition from short sale & foreclosure deals.  Inventories have trended higher for the 5th consecutive month. 

Because so few Buyers are out there, they definitely set the bar on how much they are willing to pay, regardless of the price the seller needs or wants. 

Posted by:  Carol Best | Coldwell Banker Real Estate | Licensed since 1992

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