Q: We have to move for family reasons and put our house up for sale. It has been several months, and we are not getting much interest. Our real estate agent keeps telling us to lower the price, but I know what our home is worth. Just a year or so ago, several nearby homes sold for more than our listing price. What is going on? — Joan
A: The real estate market can change quickly.
Sometimes the changes are local, like when a new school is built close to an aging community, making it attractive to younger families. Other times, the change in the market is caused by more universal causes like a bad economy and rising interest rates.
