[Proud_USA_Republican]

But realtors were screaming to buy now or be priced out forever! That they weren't making anymore land! Median home prices always double every year! How can this be?

[theDentist]

Part of this "stagnation" is the higher interest rates. Drop them a bit more and watch the market rocket back.

[cripplecreek]

The house next to mine has been empty for more than 5 years now. It's been sold at least twice and belongs to the bank at this point. Overpriced is simply overpriced and unsalable.

[stylin19a]

read the whole article...it's not as doom & gloom\sky is falling as you make it appear.

stagnant and slowing are 2 different things.

[Hatteras]

We've had houses sitting on the market for upwards of two years. And they are worried that it's now taking them 60 days to sell a house? Oh! The HUGH MANATEE!!! If things aren't going well in the big city then I guess... WE REALLY ARE..........

[Jameison]

"Stuck! Homes sit longer on the market"

Good.
Maybe house prices can come down some, so young couples that are just starting out in life can afford to buy a place for themselves.

[Bringbackthedraft]

My condo's in Florida dropped about 10%, we are still keeping them. Its a seasonal thing here, and the housing market is expected to rise again in a couple of months. With a golf course and Gulf access, its best to hold on to the property. Any home on the water or with a golf course in the rear tend to drop very slightly in a slow market.

[Calpernia]

ping

[ContemptofCourt]

Increasing supply...decreasing demand.....guess where prices are going to go....

[XRdsRev]

SELF FULFILLING PROPHECY ALERT !!!!!!

The media has been screeching about a housing bubble for almost a year now. Anybody who was on the fence about selling in the last few months is probably thinking "it's now or never" and many folks are putting their homes on the market hoping to cash in "before the bubble bursts". It isn't a shock that many more homes are on the market and it isn't a shock that buyers are being more careful because of higher interest rates and because right now, there is so much real estate to choose from.

I know several agents that right now, have 2-3 times the number of listings that they normally have. Not because the houses can't sell but because everyone who can, wants to sell.

[GBA]

It's all about the price. If it doesn't sell or sits too long, it's the price. "There's no problem in real estate the right price won't fix."

[Huck]

60 days? Oh the horror.

[DustyMoment]

Stuck! Homes sit longer on the market

Chicken Little alert!!!!!



(Courtesy of CNN)

[BoilermakerCAengineerguy]

My company relocated me (and my wife and 2 kids) from San Diego, CA to Memphis, TN on May 1st. Our condo in Escondido, CA has been on the market since April 20th; we've hardly had any showings, let alone an offer. We've dropped the price 10%, increased seller's agent commission, installed brand new appliances, thrown in the refrigerator/washer/dryer, willing to pay closing costs... and still no movement. Our realtor said that the market went stagnant so quickly -- right around the time our place was listed. *sigh* My company's free 60 days of temporary living runs out in less than 3 weeks.

Anyone looking to buy a nice 1200 sq ft 2 BR/2 BA condo in San Diego county for $285,000? Please?!? (Technically, my relocation company only requires that a qualified offer be made -- then they buy the property from me. Anyone want to make a qualified offer?!?)

;-)

The Treasure Fine

[capitalist229]

The Fed will drop interest rates because elections are coming up. That will restore real estate to red-hot again.

Buy 'em at today's fire sale prices while you can.

BUMP

[JTHomes]

Welcome to the party. It's been bad in Michigan for 2 years, and has been especially bad the last 6-8 months.

[numberonepal]

Ooooh goody, it's gonna be good to be a buyer in about 6 months. The wife and I want a home base, not a flipper, so this is good news for us.

[rolling_stone]

Hmm lets check zillow.com and see how the houses are doing in 92118, Coronado, Ca.