On the bright side, interest rates are softening a little bit as well, moving from the low sevens earlier this year to the upper sixes due to recent encouraging economic data.

Our market always softens a bit after May and then softens significantly after July though so may be seasonal. 

Nationwide, new construction is making up over 30% of single-family home sales:Current market conditions have also been a boon to “Baby Boomers,” who often have substantial home equity from years of home ownership and can tap into retirement savings to buy all cash or afford significant down payments to soften the sting of 7%+ interest rates.

Are there signs of softening?

You definitely want to consider an overall softening economy but for many reasons i believe this market is a little more shielded from a declining economy than let’s say Orlando or South Florida.

Praying something comes available or that a miracle happens and God softens his heart or something because it's only like a Boulder tide around my neck.

Can you guys who are brokers corroborate my feeling of a softening Brooklyn market?

Start in a closet so you get the feel for how much rubbing will start to soften the paint.

I try to work hard to soften my image with my tenants, because they all know I won't hesitate to put them out on the curb in the January snow if they do follow my leases.

I’ve heard some talk of a softening condo market (which is clearly playing out in lowered rents) in DC due to probably 50k (my random estimate) of students and international workers who haven’t returned due to Covid19.I work with acquiring off market properties in McLean, and what you see are sellers who’ve seen the tear down value of their homes go from 800 to 900 to 1 million to 1.1 to 1.2 million in the last 8 or 9 years.