lasteele

Is the market dead for now?

We have a new condo being built, and our home went on the market last week. The first week we had multiple showings daily. Our realtor thought we'd have an offer on the weekend, and then the person/couple abruptly pulled back from buying a house now. There is another couple who are interested, but otherwise, the market seems to have gone dead. In fairness, the state is pretty well shut down, although our realtor says houses are still being listed and going to pending status. Our Midwest area has been a seller's market for a while. My concern is owning two houses (via a bridge loan) in this economy, which I am presuming will only worsen for a while. Is anyone seeing market action near them continue?

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