117,000+ new homes are sitting empty right now.
My understanding is the builders are holding firm on price and have been using incentives to coax buyers, but the incentives are becoming less and less effective. Going to be crunch time pretty soon.
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We are seeing for sale signs all over.
Don’t blame those fleeing from FL… 
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It’s just Dave’s neighbors. 
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Hard to get a fix on what is really happening in my area of the market (Northern CO) but what I keep on hearing from realtors is a price correction is coming and it will be painfull for homeowners. The Fed probably should have lowered rates a lot sooner. Most realtors say the sweet spot for rates is in the 5% range to get things really flowing again!! My business has been slower for about 3 years now, mostly due to high mortgage rates. I have only inspected about 9 new builds over the past 3 years.
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It’s a regional thing. Some areas are hot, others are almost dead. I market in a second/vacation home area, and it’s really slow now.
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Ray, have you looked at your website recently? I’m not sure you are still in business. Houses are selling every day near you. Go get those jobs.
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