Some segments of the U.S. residential real estate market started to thaw in January after December’s deep freeze, with a growing number of homeowners listing their homes for sale in a sign that the stubborn “lock-in” effect is finally beginning to ease. The “lock-in effect” refers to homeowners’ reluctance to sell because they have a low mortgage rate and would have to take out a mortgage at a...
In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest. Full article here: The Number One Mistake Sellers Are Making: Overpricing Their...
More homes for sale are going “stale” after sitting on the market for months, raising concerns that some sellers are overestimating what the market is willing to pay. In December 2024, half of all active listings had sat on the market for 70 days or longer, up from 61 a year earlier, and the longest median time on the market for December since 2019. Worse, the share of “super stale” listings that...
Last year, as many as 1 in 3 sellers took their home off the market because it wasn’t selling. If this happened to you too, you don’t need to be embarrassed. What you need are answers. And a local real estate agent can help with that by seeing if it was priced too high, needs some repairs, or didn’t get the right exposure. If you still want to move, let’s connect to come up with a new strategy....
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