Thursday Jul 07, 2022

Why pricing is the key as interest rates hit a 14-year high and homes stay longer in the market

Welcome to our weekly video update. We'll be talking about inflation, interest rates, and real estate. Interest rates are at a 14-year high resulting in homes staying much longer in the market, sellers not getting their prices (some even take their homes off the market), price reductions, etc. Pricing is the key. The property price at 729 Berkshire Place, Milpitas, was reduced from $2.7M to $2.5M.

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