It seems a logic thought, that if the interest rates are low, buyers should just come and pick and select and buy.... But although the interest rates are low, buyers are either on the fence for a variety of reasons,
is my job safe, what if I suddenly do not have my job can I then afford the mortgage
will prices go further down, should I wait to buy etc. etc.
and poor buyers sooooo much to select from
and then on the other hand, many home owners have their own reasons for wanting to sell.
In general this is not a good time to sell in most areas of the US, because home values are
generally down, so you do not sell unless
YOU have to, because your job location changed
or you cannot afford the home anymore, because the new job pays less
and then there are those who can afford to lose money on the sale of a smaller property
in order to gain on the purchase of the next larger property for much less....
So in most areas of the US we are in a buyers market, more homes on the market then ready and willing and approved buyers are ready and willing to buy!
Take care, be well
Feel free to contact me or get to me via my website below.
EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com
@Properties Northshore - offices in Chicago, Evanston, Winnetka, Highland Park and Lake Forest
30 Green Bay Road Winnetka Il. 60093
or sign up for home searches on my website http://tinyurl.com/MeetEdithHere
Have a most wonderful Day :)