« Existing Home Sales came in at 4.93 million for the month of March - Down 1.99% vs. last month | Main | Despite all of the news - 31% of home owners feel their home is worth more than it was a year ago »
The Hidden Market - Home Owners that want to sell - but are waiting
By robertearl | April 23, 2008
Real estate’s new hidden market
Unable to sell, a growing number of homeowners are simply pulling homes from market.
Across the country, home sellers discouraged by the prices offered for their homes, or tired of watching people traipse through their bedrooms, are yanking their homes off the market. While it’s difficult to say how many houses this might be, housing experts believe the numbers are substantial. The implications of this “shadow inventory” are widespread: the housing market may be slow to come back, affecting everything from when Americans retire to whether they can afford to move to find a new job. (csmonitor.com)
If you are a homeowner that is part of the “shadow inventory” please let us know. We have home buyers that are looking for properties on a daily basis and your property might be just what they are looking for, at a price that both parties will find satisfactory.
Topics: Northern Virginia Real Estate, Sell your Home, The Earl of Real Estate Team |