'Can't sell house' searches are higher now than during the 2008 housing crisis

austin-cheney

Weird. Where I live home owners get calls multiple times a week from corporations trying to buy their homes in cash.

toomuchtodo

“Prices take the elevator up and the stairs down.” Sellers will make peace eventually that their prices are unreasonable, with those who must sell leading the downward price trajectory and setting comparables. There is a price any property will sell at. Price discovery continues. To sell, lower your price until you have a firm offer.

general1465

> Searches for "Can't sell house" are higher now than during the COVID-19 pandemic and the 2008 financial crisis, according to Google. Is it correlated for the fact that there is more people on the internet than it was during 2008?

csense

I don't understand how house prices are set. When I see a house that's $X I often think "$X seems reasonable" immediately followed by "$X/2 seems reasonable" and "$2X seems reasonable". How does anyone ever set prices for real estate? Why do sellers have such a hard time cutting price 10% or 30% when the whole concept of "value of real estate" seems very nebulous and made-up, and each property is a completely unique combination of age, footage, state of repairs, location etc.?

iJohnDoe

Prices are up. Interest rates are up. People couldn’t afford the home they’re in right now if they were forced to buy it at today’s price and interest rate. Inventory is low, so if someone is forced to move to your area, then sure, your house might sell. Otherwise, everyone is waiting.