New pending house sales numbers for the United States spell trouble for people selling their houses. In this CNBC video, reporter Diana Olick explains that prospective buyers are having difficulty “finding affordable homes.” Pending house sales are “nearly flat,” despite houses available for sale on the market.
The key word here is “affordable,” and it is left undefined. The reporter stated that it is a “lack of supply that is hurting home sales,” but there are houses on the market – they just do not fit the price range that buyers are willing to pay up for. It may be that what prospective buyers are willing to pay is considered “affordable” to CNBC. What prospective buyers are looking to pay, however, may not match up with what the house sellers view as a fair price. If you are looking to sell your house in a traditional manner and at a price that matches what you feel your house is worth, this report indicates that you may be in for a long wait. If you are looking to sell your house as quickly as possible, you may want to consider other options. Click the link below to watch the video.