Netflix star and The Agency founder and CEO Mauricio Umansky is eager to see home sales pick up steam this spring, but the celebrity agent is warning that buyers and sellers may still be stuck in a price rut. "Right now, consumers and sellers are just kind of stuck," Umansky said on "The Bottom Line" Wednesday.
"So we're kind of in this rollercoaster, in this mouse wheel that we just keep going round and round and round because we're not increasing supply, we're not lowering pricing." "And all of that is happening because we're not seeing a decrease of interest rates," the celebrity agent added. Despite the inflated rates and prices, this week is historically the best time to sell your home, according to Realtor.com.
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