The Great Housing Disconnect

This past Sunday’s Washington Post had the best article (written by Dina ElBoghdady) that I have read on the state of the current housing market. With prices falling and inventory high, buyers have had a major advantage over the past few years. This continues today. Very few offers come in that are not below the asking price. If sellers are interested in moving on, then they have to listen to the offer and engage the buyer. Often, this is a very painful process for the sellers.

So, now we have sellers who think their house is worth one price and buyers who believe that it is worth considerably less. And there appears to be buyers who think that if they wait a little longer, that the prices will be coming down. After all, it doesn’t seem that the mortgage rates will be going up soon. In fact, they keep dropping lower.

This article concentrates on the Washington, DC/Northern Virginia marketplace, but I think that all of the factors are in play in western Maine. “In Struggling Housing Market, Buyers and Sellers are Out of Sync”

About kezarlife

I am a year-round resident of Lovell, owner of Kezar Realty (KezarRealty.com) and enjoy the variety of experiences that living in western Maine offers. Numerous lakes, ponds and mountains provide the opportunity to enjoy the outdoors every day. Married to Rondi we have two children. Ben is a Sergeant in the US Marines and with his wife Cassandra, son Jackson and daughter Reagan, live in Virginia. Ben's most recent deployment was to Afghanistan. Anna is a graduate of Fryeburg Academy, has studied in Beijing, China as well as Taiwan and now attends Hunter College in NYC where she is enrolled in their Chinese Flagship Program. I am active in many local organizations including the Charlotte Hobbs Memorial Library, Lovell Historical Society, Old Home Days, Lovell 5k Run, the Gasping Gobbler, the Tour de Lovell and the Brick Church for the Performing Arts. I also serve as President-elect of the Western Maine Board of Realtors. Please visit www.KezarRealty.com for up-to-date real estate listings and information on western Maine! Stan Tupaj
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