12 of the 91 resale homes have made price drops
Mahalo for the info. Hard to be sure without a link or reference but it appears that the Realtor.com report may have included the New Homes in what you are calling the "resale homes" in which case 32 of the 91 have made price drops in May. Are we talking about HPP or 96749?
Even so, I agree that the folks with empty new homes to sell for a living, are being much more aggressive than the mom and pops, in trying to move their product. Much of that may be related to being stuck as terracore has eluded to.
As you point out, the builders are clearly being more nimble on the prices. They can. That may be why half of the meager number of overall sales (13) in HPP in the last 30 days have been New Homes. The resellers in many cases just are not in a position to lower their price any further and the market has passed them by on it's way down.
https://www.zillow.com/homes/recently_so...A%7B%7D%7D
Mahalo for the info. Hard to be sure without a link or reference but it appears that the Realtor.com report may have included the New Homes in what you are calling the "resale homes" in which case 32 of the 91 have made price drops in May. Are we talking about HPP or 96749?
Even so, I agree that the folks with empty new homes to sell for a living, are being much more aggressive than the mom and pops, in trying to move their product. Much of that may be related to being stuck as terracore has eluded to.
As you point out, the builders are clearly being more nimble on the prices. They can. That may be why half of the meager number of overall sales (13) in HPP in the last 30 days have been New Homes. The resellers in many cases just are not in a position to lower their price any further and the market has passed them by on it's way down.
https://www.zillow.com/homes/recently_so...A%7B%7D%7D