Hold on!
Writing by Ryan on Thursday, 24 of May , 2007 at 11:40 am
A realtor in Ohio describes his market (very similar around here):
The market is very much a buyer’s market, however the sellers have been insistant on holding their prices similar to 2 years ago when things were going great here, Even though we have the largest inventory here in Central Ohio ever and the sellers that can are coming down in price, the buyers are still waiting for “something” even they can’t define….maybe the prices will lower, maybe the interest rates will go down, maybe, maybe.
All that plus Ohio is leading the country in foreclosures, which is enough of a mess, but that has shaken buyers and the sub-prime lender fallout has eliminated many that might have been able to buy. Builders are having a hard time too, so don’t plan to move here anytime soon. Wonder where the hot markets are now? Like Las Vegas a couple of years ago where agents were writing contracts for waiting buyers as soon as they came on the market.
Category: Real Estate
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