Despite low housing inventory, record low interest rates, and a glut of
buyers, some
Chicago home sellers can't manage to sell their houses. Such
sellers are adamant they know what their home is worth, and if a neighbor who clearly had inferior faucets and less exotic hardwood floors could sell his house, then their home is worth the premium. When asked if they might be acting a bit greedy, the owners of the non-selling homes were fairly unanimous in their opinion - they'll save their mortgage payments for a couple of years, let the bank
foreclose, rent somewhere nearby, and
buy again in two to three years.
Andersonville
