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.
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