If there are many similar homes for sale in your Los Angeles, you may find it difficult to move to the front of the pack. This is especially true if the other homes offer more, or if they are priced lower. All in all, there are many reasons why your home may not be selling. It could be as serious as a recession, or as simple as making a change to your asking price. Unfortunately, this is for you to figure out.
There are many areas of the real estate market that are affected when a recession comes into play. But with that being said, some sides of the market get the bad end of the stick whereas others narrowly escape too much damage. If you are interested in new construction, you should know exactly how a recession can affect this market. This not only holds true for those who are interested in buying a new construction home, but also for those who are selling them. So what does a recession and new construction have to do with one another? Generally speaking, during a recession, homes that are being built from the ground up are going to have a hard time selling. The fact of the matter is that a recession can slow down the industry, and for construction companies to sell new homes, they are going to have to offer some incentives.