THIS IS INSANE…
Nashville had an estimated 139% MORE home sellers than buyers in August, per Redfin.
And new homes are STILL hitting the market through one of the country’s busiest homebuilding pipelines.
Nationwide, 38% of builders cut prices in September, while 66% offered sales incentives, according to NAHB’s survey.
Homeowners trying to sell are competing with companies willing to discount brand-new houses to move inventory.
My concern: a builder can accept a smaller profit. Someone who bought near the peak may have much less room to cut…