Seems like half the homes for sale around me are houses that were $200K, bought by a flipper who just put in new Pergo floors, updated bathrooms with cheap pre-fab showers, new paint, then list it for $500K. They're sitting unsold for a year.
Carl Quintanilla“.. The share of US for-sale [housing] inventory cutting prices has now hit a year-to-date high of 40.2%. “.. Home sellers are now face to face with reality. The ones who want out this season need to reset prices to stimulate demand.” - Parcl Labs