Melody Thomas bought a new home in Lansing to be closer to work. But, a year later, she still hasn't sold her Livingston County condo. She's now being forced to sell her new home because she can't afford the double mortgage.
Mike Kevern with Briarwood Realty in Lansing says this is the best time he's ever seen to buy a home. Low interest rates and a flood of homes on the market are the biggest factors. He also says people are afraid to do what Melody did - buy a home before they sell their old one.
But, Kevern says things may turn around soon. Buyers are finally realizing the situation they're in and some of the apprehension will go away.
In the meantime, sellers like Melody are left waiting for the market to turn around.