Daunting Math for Homeowners Down ≥ 30% One of the most powerful psychological barriers to selling a home these days is owners’ insistence on breaking even. Unfortunately, after a 30% drop in prices nationally since 2006 (more in some locales), the math for many homeowners who bought near the market peak is daunting. So, even if you assume...Read More
“Can’t Sell” vs. “Won’t Sell” Much attention has been paid to all the homeowners who want to sell now but literally can’t afford to, because they owe more on their mortgage than their home is worth (in Realtor’s parlance, they’re “underwater”). Unless they can get the bank(s) to reduce their principal or simply default, they...Read More
