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Montecito Connection – The Market is Like Driving On The Freeway

Category : Real Estate & Construction 2 weeks ago

Real estate buyers behave like cars on the freeway. In this analogy, the normal buyer’s cruising speed was about 65 to 70 mph in the years leading up to COVID. If you wanted to be the winner in a multiple offer, you had to punch it to 80.Remember when COVID hit? The speed dropped to 50 mph and the market tanked for a month or two.Learn More