PRSRT STD U.S. POSTAGE PAID SAN DIEGO, CA PERMIT NO. 3175
LOCAL POSTAL CUSTOMER *******ECRWSSEDDM****
October 2022 | VOLUME 7
www.localumbrellanews.com
OPINION BY RAY SHAY You are likely not surprised to see “Da Mole” signaling loud and clear that in many of our local communities, as well as nationwide, the residential housing market is “flipping” from a seller’s market to a buyer’s market. We should not be surprised. The days of buyers submitting outrageous multiple offers on homes with no repairs requested, no appraisal contingency, closing in ten days, and providing a free 60-day rent back to sellers are over. The overheated housing market could not last forever, and it needed to change, for all our sakes.
Read Housing Market Flipping on page 2
Call Ray Shay! Direct : 858-449-4970
DRE 01946504
*All information in this publication is believed to be accurate but not guaranteed, if your home is currently listed with another REALTOR this is not a solicitation