This is not a good time to sell a house Why?

Answer 1

There are many factors that make this period of time unfriendly to sellers in many, if not most, areas of the country.

Home values are decreasing. Remember that the housing bubble was an unrealistic fluke. Prices for homes could not continue to go up forever. The market crashed.

Banks are not making many new mortgage loans.

Hundreds of thousands, millions, of people have lost their jobs taking them out of the buyers market.

Hundreds of thousands more are worried about losing their jobs taking them out of the buyers market.

Substantial increases in the cost of living for necessities of life such as healthcare, insurance, taxes, energy costs, food, etc., have impoverished many lower middle class families taking them out of the buyers market.

Those same high costs have made it impossible for young people to save a down payment or even afford a small house taking them out of the buyers market.

There is a glut of foreclosed properties and that has deflated the value of existing homes.