How come houses aren't being bought?

[Stupid Flanders]

Originally Posted by moonbeam

Stupid Flanders,
Finally somebody agrees with me on that issue of the low-class mentality, lowest standards I've ever witnessed being in the Orlando area. I am the eternal optimist but this place...
We've had to fight the school systems (ADHD child) to get regular ed. teachers to help, the treatment of the employers, the unbelievably low paying jobs, (how can anyone feel good if they're not getting paid well? it's the CORE of life) the lack of culture, the closed minds, trying to GET A JOB, neighbors that don't even speak rule happening here, even the laws. Everything has been a fight it seems.
I was fortunate enough to live in very rich areas all my life. Along with the wealth comes intelligent, educated and well-read people. I have never felt comfortable even thinking to call Orlando home. We are plotting and planning the future escape now. moonbeam

I just keep telling myself: "Two more years, two more years". My wife is literally counting the days and looking for homes in Chicago.

[gocrimson1]

Greetings, I tend to disagree, there are homes that are available that aren't over priced, it's simply that the market is saturated with new homes, as well as, existing homes. For example, we have had our home on the market for 8 months now (we've been relocated out of state for business) and haven't had a single offer. We have a massive custom built Colonial home built in 2004, stainless steel, granite in kitchen and all three bathrooms, custom built-ins, crown molding, wainscoting, loft, separate office, 9ft ceilings, 8ft doors, real cherry hardwood floors, travertine in the kitchen and bathrooms, 3 car garage, and its on nearly an acre of land with a pool and spa! Every upgrade imaginable, no expense spared. We've priced it 60k below its appraised value (appraisal done 4 months ago, during the Buyers market). We've followed all the rules, done everything by the book. Our home is amazing, truly. I practiced real estate law for over 7 years and consider my husband and self savvy in the real estate business, so what's going on? Is it our Realtor? Is it the town? Is it everything but the house itself? (I'd be happy to post the link if you like)
If someone could explain to me why it hasn’t been shown in over a month and why no offers have come it, I'd appreciate it. If you're a Realtor or savvy in this business, we welcome any advice.

Kindest regards to all.

[moving123456]

This is why.

History of U.S. Housing Prices 1890-2006