Direct price increase starting to impact resale market

[kboo]

Do it, kboo! You know you need another contract!

Hmmm... it is relatively small, and my sister lives in LA...



Eh, maybe I'll just rent points ...

 

[robinb]

I guess the owner who just listed their VGC at $200 thinks the recent changes will drive up resale. Wow!

Hope springs eternal.

 

[SherylLC]

Hope springs eternal.

Sale pending!

 

[Ben E N]

I guess the owner who just listed their VGC at $200 thinks the recent changes will drive up resale. Wow!

Sale pending!

There will always be a couple buyers with specific wants. I sold my townhome about 15% above market value because the buyer wanted a house that needed some remodelling, was above garages, and was in a specific school district. I did not take it as a sign that the housing market took a turn for the better.
This contract could be a sign that VGC is turning towards the very pricy, or its possible that there are a couple of buyers out there who wanted to get points there despite any high costs.