Home price appreciation is slowing. Consumer sentiment about the housing market is at a five-year high.
Don’t miss: With mortgage rates at 2-year lows, here’s how to decide whether to refinance your home loan ‘A lot of the financial incentives that a move-up buyer would have had a couple years ago no longer exist.’ —Rick Sharga, mortgage industry veteran Interest rates are just one piece of the puzzle for move-up buyers, those who already own a home and are looking to buy a larger or otherwise more expensive property.
Read more: Trump’s trade war with China is the last thing an already unsteady U.S. housing market needs right now Forecasts don’t provide much comfort Real-estate buyers remain upbeat about what the rest of 2019 holds.
Not enough people
Cause im broke 🤷🏾♂️
You can make money buying-renovating-flipping houses... but houses are not really an investment asset as much as they used to be. And the stigma associated with leasing/renting is no longer as prevalent in younger generations. Multi-generational living is a “thing” again.
No more Chinese
Blame the Boomers
Because you can't live on sugar water forever, there ain't no protein in this economy.
Prices rising, inventory not keeping up. Setting up for another housing bubble in coming years.
Because many people don’t have 20-40% to put down? That’d be my guess. 🤷♂️
Taxes & Insurance is killing all home owners
Maybe because most people would like to die of ' natural causes,' compared to 'death by drowning' in debt'.
Property taxes Maintenance HOAs
The income doesn’t work💩👺👹🤡
Just another symptom of the upcoming recession. History repeating itself.
Because I grew up watching my parents own a house and all the fun things that come with it!
Beyond the downpayment, the benefits I had when I owned aren't there anymore, it is difficult to find a balance between overly intrusive HOA and then the other side where people seem to need an HOA to force them to keep values up, homes are over valued and poorly built... on & on
Because house prices are getting stupid high again. They are in Vegas, anyway. A person making $50k a year can't responsibly afford to buy a house here.
Maybe when crypto moons.
Because we need a deposit of $100k nowadays And we once owned !they should make your super a way to buy Office once home owners another chance
They can't afford it.
It takes more than a few months for people to get in shape after a financial crisis and 8 years of the Obama economy. Give it a little time.
Potential home buyers today, particularly millennials, are extremely ignorant about the mortgage process, & what it takes to qualify. Many have no clue that they would qualify, & would actually be paying less per month for a mortgage at these rates than they currently pay rent
Rates are dropping, but prices aren’t at least not in Phoenix area