“Sellers are holding out for prices that are no longer realistic."

"Sellers are holding out for prices that are no longer realistic. MSCI’s bid-ask spread reflects the difference between what U.S. property owners are asking for and what buyers are willing to pay…the gap for multifamily apartments was 11%, the widest it’s been since early 2012.”  --

Danielle DiMartino Booth

Translation: Sellers are delusional and holding out for 2021 prices that are never coming back. https://t.co/PMJkEzKClU

— QE Infinity (@StealthQE4) August 31, 2023