Home Sellers Are LOSING ALL THEIR POWER

#finance #financement
00:00 Shifting Power Dynamics in Real Estate: Sellers Losing Ground
02:48 Affordability Crisis: Disparity Between Listing Prices and Income
04:51 Sellers Face Reality: Price Cuts and Market Denial
06:21 Home Builders' Strategies: Price Cuts and Sales Incentives
10:11 Cost Breakdown: Expenses for Sellers in Today's Market
13:11 Luxury Properties: Negotiating Lower Commissions
15:39 Talking With a Fan of the Channel About Real Estate
19:14 Home Affordability Has NEVER Been This Bad
22:07 Conflicting Data: Is Home Affordability Improving?

Home sellers have officially lost control of the wheel of the ever turning housing market. The affordability levels for buyers are abismal, as the median income household today can only afford to buy a $300,000 house while the median home price in America is $439,450. Home sellers have no choice but to lower prices if they want to get their homes sold.