Comments on: Why Are Home Sales Slow? People Have Stopped Moving

By: Richard Grassby

Richard Grassby — Mon, 09 Nov 2009 15:40:10 +0000

When everyone thought that residential real estate could only appreciate in value, no one hesitated to pay inflated prices and take on excess debt. Now they know that real estate can fall as well as rise in value, they are reluctant to invest even at greatly reduced prices because they fear that prices will sink even further.

By: Vikas

Vikas — Wed, 06 May 2009 08:50:04 +0000

Due to current market situation peoples are feeling much insecure it effect their spending power. Now they are hesitating to take loans for property. It effects the real estate market.

By: Joshua Pettus

Joshua Pettus — Tue, 28 Apr 2009 02:34:49 +0000

Our market here in North Alabama has been suprisingly healthy. Especially in the Huntsville area. The problem we face is that they can’t sell their house in another part of the country. Sellers are reluctant to rent, but sadly are left with no choice.

The issue that I see is that those who can actually buy are still convinced that this is not a good time to buy. There’s a great selection of houses here, and even though the market has picked up for the spring, there’s still a lot of hungry sellers out there willing to break a deal with folks.

A couple of weeks ago I wrote a blog entry about what consumers can do to save the economy… buy a house! There’s so much economic stimulation that can take place from a family buying a house.

Joshua

By: Atlanta homes

Atlanta homes — Sat, 25 Apr 2009 16:43:08 +0000

This is very true. In the past the average person in Atlanta moved once every 3-5 years. I think this will now turn into 5-7 years and severely change the housing industry.

By: Martin | Landlord Software

Martin | Landlord Software — Fri, 24 Apr 2009 23:40:57 +0000

In Oregon at least, I am seeing a lot of previous homeowners looking to rent. They aren’t moving far, because that’s too costly. Most of these, from the ones I’ve met were paying $1500/mo on their mortgage, give or take, and either their rate went up, or the value of their home went down and they ditched the mortgage in favor of renting the same size/quality of place for $1100/mo.

By: randi

randi — Fri, 24 Apr 2009 11:45:07 +0000

yep, i have know many cases similar to these and they are very peculiar

By: Kim | Web Design

Kim | Web Design — Fri, 24 Apr 2009 09:53:35 +0000

Portland Real Estate, I would have to agree with you on your comment, people are really downsizing and this is helping with saving, as well as that a smaller place is easier to maintain, in the long run.

By: Daily Digest for 2009-04-23 | Joe Spake - Memphis Real Estate

Daily Digest for 2009-04-23 | Joe Spake - Memphis Real Estate — Fri, 24 Apr 2009 07:40:24 +0000

[...] Posted an item Joe Spake: Why Are Home Sales Slow? People Have Stopped Moving : The Real Estate Bloggers (via Frien… [...]

By: Portland Real Estate

Portland Real Estate — Thu, 23 Apr 2009 16:16:43 +0000

Interesting. My initial thought would be that the opposite was happening, as I have known a lot of people who left their homes for smaller ones, or for apartments in order to save money. Its really interesting to read that the actual trend is so far from what I anticipated.