The pros and cons in this article are pretty spot on, people are able to buy yet prices have been driven up too high.
On the optimistic side, he said that many drivers are likely to boost housing demand in the near future.
Since the recession, many consumers have seen their home equity rise, boosting their household wealth; seen an increase in job opportunities, and have repaired credit problems that arose during the recession.
But on the negative side, inventory shortages, including in Southwest Florida, have pushed up prices so high that the young people, burdened by student debt, are delaying both marriage and homeownership. Although they yearn to be homeowners, "they're just not in the game yet," he said.
No comments:
Post a Comment