Most home sales due to seller's inability to afford mortgage
It's certainly a better real estate experience all around when both buyer and seller are improving their housing situation. The real estate business has drastically changed. More home sellers are moving because they can no longer afford their home. Some owners seem to resent their buyer’s ability to afford their home. And this can make the escrow process even more difficult for both home buyer and seller.
According to CAR's (California Association of Realtors) 2009 Home Seller Survey: 67 percent of California sellers sold their homes due to their inability to meet their mortgage obligation. These are sobering numbers.
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