Jill Schlesinger

A podcast listener writes: “For the past nine months, there have been five houses for sale on my block. As a nosey neighbor, I have attended an open house for each and have learned from the agents that while there have been a few nibbles, essentially there has been no action. Is this the case across the country? What’s the outlook for housing this fall?”

Before answering, I asked a follow up: Have any of the owners reduced their asking price? The listener said that there was only one price cut, which tells me that these sellers are not really motivated, which in some ways contributes to my overall answer of what’s going on with housing right now: It is stuck in neutral.

The peculiar nature of the pandemic housing frenzy has left prices high (though they are falling in

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