Source: Yahoo! —
According to Redfin Corp (NASDAQ: RDFN) data, a record number of houses are being delisted as sellers confront a significant reduction in interest.
During the three months ending Nov. 20, 2% of houses for sale were delisted without being sold, according to Redfin. This compared to 1.6% a year ago and is another indication that the decade-long housing bubble is coming to an end.
Demand has slowed this year as mortgage rates have risen, reversing the global purchasing frenzy that caused bidding wars and propelled house prices to record highs.
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You got to know when to hold them and know when to fold them. Between the flipping investors and the sellers thinking they can make a 50-75% profit living in a house 2 years…well they are late for the party and like all investors they have to accept losses on their dream investments. The winners are the sellers who either by skill or accident sold before last May.