@olystuart
New home builders in my County are offering seller incentives up to $40,000 (for the largest companies). Home builders are some of the first forced sellers when the real estate cycle starts to turn towards a bear market because they can't sit and wait, they have to move the units or bleed money. Home prices are a lagging indicator of such a meta shift because sellers are stubborn about dropping prices for months.
The big builders listing prices don't drop right away because they want to keep values high in the development so instead they will continue increasing the incentives offered. A canary in the coal mine, maybe.
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