NPR Is Right On --- The Potential Real Estate Standoff


NPR Is Right On --- The Potential Real Estate Standoff
By Scott Rogers • March 4, 2008
Perhaps Jonathan Clements, a personal finance columnist at The Wall Street Journal, has been reading my blog? Unlikely, however he speaks of a possible real estate standoff in a recent NPR interview, making many of the same observations as I made a few weeks ago. In the interview, Jonathan ponders . . . "are we going to see prices drop, which will encourage buyers to step up to the plate and purchase, or are we going to continue with the standoff, where sellers are reluctant to cut prices and buyers are reluctant to commit?" He then makes some other great observations about selling in today's market: Some sellers look at pricing psychologically -- they want to sell their home for what they paid for it plus improvements, or at the price the neighbors sold their house, etc. Real estate is an expensive asset to hold, given mortgage principal, interest, taxes, insurance, maintenance, etc. I encourage you to listen to the entire interview (here), and then, if you are a seller, consider how the pricing of your home will affect the timing of your sale. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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