I've been thinking about selling my house and renting instead, but seeing numbers like this makes me think it would take forever to sell. Why are so many homes staying on the market for over a month?

Post Photo
like
Posting as :
works at
You are currently posting as works at

I would assume it has to do with the amount of buyers.

Many current owners wouldn’t sell their own residence now because their mortgages are so good (usually the rate is low from pre-2022 mortgages or perhaps the home valuation was low from pre-2020 mortgages). So, they are not interested in becoming buyers.

I think there are buyers (people have to move for all sorts of reasons) and they have cash from the frothy markets of the past decade, but there is not a ton of them. Finding the right one may take some time.

Yet, sellers may be willing to hold out since the carrying costs of their home are relatively low (i.e., it’s a good mortgage and they can afford to make an extra payment or two if it means a higher sales price).

It's tempting to sell, but probably best to just wait it out for now. The pendulum always ends up swinging back the other way eventually.

Related Posts

Hi i lost majority of my money in the stock market. I married and promised my family that I will not make the mistake I made 7 years ago. Gambling. Is this an addiction I have. I keep selling stocks and taking loses buying other stock hoping it will recover but never did and sell again taking loses and buy again. It now sink in to me. I borrow personal loan hoping that the market will do k and I pay it back but I even lost that. I can't stop crying that I hurt the one I love the most my family.

like

Ally bank dropping rates again. CD a good choice?

I want to catch up on my contribution to HSA for 2019. If I do this before April but I already filed my 2019 taxes, do I need to amend/fix my 2019 tax return?

likesmart

How much do professional, high-earning (300k+) people put down as down payment for their first home / condo in Manhattan? 20% seems pretty high given the median prices, but looks like thats standard

like

Should I stop contributing to my 401K and put all my energy into paying off my student loan? Right now it's unconsolidated so there are rates between 3-6% and it's 20k.

We bought a condo in February 2022 then as you know prices are going down while rates are flying up 😭 We're quite worried about the value of our home and can't really enjoy it. What's your thoughts about this? PS. First time home buyers 🤫

like

With the market pushing higher to mostly ath this week, are you keeping cash reserves for a slight pull back or putting money in the market today?

like

“It turns out that wealth does trickle down, you just have to make them bleed first”

I guess they didn’t like bleeding so they’re trying to manipulate the markets in their favor AGAIN.

Post Photo
like

Anyone got the salary credited.

How much tax you paid... please also mention deduction u have used.

Let's make a list....will be usefull for all Amazonians

like

Soon to be making 85k in LA, looking to move to a new apartment. What would you think is reasonable to spend on a 1 bedroom (not studio)?

like

There has to be a point where focusing on minute details generates diminishing marginal returns.

like

is the rental market getting better?

likefunny

Hello Autodeskers,
I wanted to understand how RSUs work in your favour? I mean if I am getting rsus amounting to 40% of my package, and another company is matching the package with all fixed, should I still choose Autodesk package? How about selling them and taxation? Is it really beneficial or risky?

like

Does anyone know if the 10% penalty and if taxes are waived on a death of a beneficiary? A friend of mine’s 17 year old pass away. I was wondering due to the circumstance, is there any way he can get around paying extra money by doing a 1035 exchange, rollover, withdrawal. Anything out there? Suggestion are welcome.

Hi All, I am exploring a contract position and they are offering the below. As I am new to contracting, Please suggest which one is better Option 1: $70/hr on W2
Option 2: $80/hr on 1099
I live in the Bay Area, CA if it matters.

Thank you so much !

like

Noogler question: are approved Amex expenses from concur directly paid by google to Amex? Or I gotta to pay? My expense was approved but has not yet been fully received in my account..

like

How long does it take to make at least $300k per year if you are in-house?

like

How much importance do you give to proforma numbers when purchasing an investment property?

like

Can anyone invest in Roth IRA asking with 401k or is there a limit based on salary? I was told if you are making above X, you can't invest in Roth IRA. If this is true what's is X amount?

like

More Posts

Time to party, bring in the booze, because we already got the peanuts.

funnyupliftinglike

Hidden gem restaurants in or around Philly? Planning a special bday dinner.

likesmart

Confession - I left federal consulting and into commercial because I can do drugs without worrying about my clearance. Thanks for coming to my tedtalk

funnylikeupliftingsmart

Any cat owners experience hot spots? My cat has been getting them 2-3 times a year for 2 years now and I'm worried there's an underlying cause

like

Are there other resources like SourceCreative through Extreme Reach for finding production & post partners? Would love some alternative options.

like

Any thoughts on living in the area around Madison and Morgan? Looking at an apartment there. That area seems pretty cool and not far from the heart of Fulton. Wanted to get other peoples opinions before moving forward with this place

like

Any experience of working on third party payroll of lancesoft? Please share your views, Lancesoft

What should we be cautious of on third party payroll?
Please share your views

like

Any vacancy for power bi or tableau
Exp 3.10 years

like

Hi all, I am looking for Managerial and senior managerial positions in Operations Excellence in Toronto please help to refer me if there is an similar opportunity in your organization.

like

Hi everyone! What remote jobs are you working that you feel is good for your ADHD?

like

Has anyone tried nootropics like Thesis? How was your experience?

like

Are corporate finance or pricing dead end ops?

like

What was the best part of your week?

like

I have around 1 year of experience in Java and total 5.5 years in total.

I got a lead role in a company with good package.
The role is of java fullstack, microservices.
I studied hard on spring boot and microservices but my hands on experience is less.
Would I be able to survive,I am a quick learner and deliver projects on time....but first time switching so asking.

I was selected for Tata Consultancy ,got offer letter and a joining date for 5th September 2022.I have left my job at Mobile Programming thinking i will get joining.It is 13th October 2022,I have not got any joining.I am actively looking for a job elsewhere. My Skills are java,springboot, Rest api, Javascript Years of Experience are 4 years Can you please refer me in your company ?

like

Salary for program coordinator I?

Penni living large

Post Photo
like

Hey guys, could someone please help me in sharing some detailed insights on interview Q&As for L2 Event Builders profile?
URGENT (The interview is tomorrow).

Where does Accenture Interactive's salary band start with 2 YOE?

Anyone have a reading recommendation for navigating office politics, especially “managing up” ? I’m reading Influence without Authority and it’s starting off very well and I think I want to explore the concept more deeply.

like

Additional Posts in Phoenix

I am looking to expand my professional connections. I work in logistics.
Anyone in consulting, international trade, global affairs, or experience working in Latin America available for coffee in the Phoenix area? I can provide verification. Me: 23, TAMU grad (3.6; Cum Laude). Thunderbird MGM Candidate with a focus in Global Affairs and Trade.

like

Hi eveyone! Welcome to the best kept secret west of the Mississippi:)

funny

👀👀👀 Where all my Phoenix consultants at?

like

What do you guys think about the upcoming midterms? Any feel for which way we're swinging?

Moving as a single 27yo, need to be at ASU 2x per week. What location provides best access and value for intramural sports, bars/restaurants, date activities, and whatever else I'm forgetting?

Tempe/Mills Ave (for school and it's a cool area but too young?), Old Town Scottsdale (is it touristy?), Roosevelt Row (too far from school), somewhere else?

like

Any tennis players out in East Valley 4.5 and above?

like

Anyone gone glamping in the desert? New to Phoenix and wanted to try it but a bit scared lol

like

Anyone going to the suitcase party tomorrow in Scottsdale? Looking for networking events here... still 50-50 on buying tickets.

like

I’m currently moving to phoenix soon are there any good dispensaries in the area that are hiring? I’m looking for calm environments that aren’t overstimulating because I’m autistic and must work places are ableist

like

Hello! Looking to relocate to Phoenix, any thoughts on budget for a 2 bed/1-2bath? Within commuting distance to Tempe, in unit w/d! Also any areas to look at?

Has anybody been to the Christmas at the princess thing in Scottsdale? Looks pretty pricey. Worth it as a young couple?

like

What are the best times to go to Sedona in terms of avoiding crowds? Obviously weekdays but are there specific pockets of the year where it's more quiet and less crowded?

like

If you had to leave Phoenix tomorrow, where would you move?

like

Best sports bar to catch the Cardinals take on the Chargers today? New to the area and looking to get out of the house and meet some new people.

like

Can anyone recommend a wedding Photographer that would be available to shoot the first Friday in January, that will not cost an arm and a leg?

like

Anyone here from the DMV? Looking for bars or a crowd to watch sports with - Ravens, wizards, caps, and UMD basketball

like

Anybody here at Carvana Co.? Is it looking like another round of layoffs?

like

i'm looking into getting an american express credit card.. this will be my first credit card, i do a lot of driving and traveling what would be the best one to get?

like

Looking for some girl friends - where the professional, career minded Phoenix women at? (I am a female)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal