The Problems are the Path: Year End Comments
The last 2 months of the year are, or were, normally tied to "clean up" work. Inventory was thin. The properties that remained on inventory were usually: left overs from the year that have not sold, properties added due to moving or estate sales, and like in prior years from notice of defaults and foreclosure notice. Buyers were generally on their hunt to find price weakness and reason for the reason WHY these properties have lingered on the market. The general answer to WHY were they were OVER PRICED from the start. Either they were overpriced due to condition or comparatives. From 2020 forward we have had a dramatic change to the Supply/Demand ratio. The Pandemic took supply from the marketplace. Whether that the supply was housing, restaurants, workers entertainment and travel. Everyone was hunkered down in their homes fearful of the infection from others fearing all the horror stories of death. A Present Day Black Plague was circulating the world. The Federal