09/09/2025
Gio Navarro toured an Atlanta home and went under contract to buy it in about 48 hours in the spring of 2022. Now he is struggling to sell it.
Navarro wants to go back to being a renter and be free of the costs and headaches that have come with his roughly 1,600-square-foot property. But after nearly a year on the market, he hasn’t gotten a single offer on the three-bedroom home he bought for $399,000.
“Homeownership isn’t what it’s cracked up to be,” said Navarro, a 31-year-old who works in cybersecurity.
After two price cuts, his home went from being listed at $430,000 to $387,500.
Navarro is among the Americans who rushed to buy during the pandemic’s housing-market frenzy, when mortgage rates were lower than anybody could remember and people were embracing a radical new work-from-home era.
The sharp cool-down is leaving some sellers stuck in houses that no longer suit them.
A home buyer raced to lock in a low interest rate but now wishes he was still a renter.
