Some homeowners have already made their move, or took advantage of the low interest rates to refinance, so they have no reason or incentive to sell.
Some have invested in home improvements and additions, choosing to enhance their current homes for the long term – even into their senior years – rather than endure the homebuying fracas.
Some are staying put because they don’t have confidence in their job status or financial situation, or even because of Covid-19 fears.
Those reasons are harder to address, at least for brokers. Even with a new administration in Washington, economic and health concerns aren’t going away anytime soon, not before enough people are vaccinated so that the economy can fully reopen without concern about spreading disease. And that’s out of the hands of real estate agents.
For many potential sellers, the holdup is simply that they don’t know where they would…