Aug 2, 2012

Top 3 Reasons People aren't Buying Homes

Right now is one of the best times to buy a home in more than 20 years. Home affordability is at record highs and mortgage rates are at all time lows. And more buyers are interested in buying right now that in the past few years. So why aren't more buyers scrambling to actually complete a purchase?
The top 3 obstacles preventing home buyers from completing a home purchase in 2012 were recently determined in a survey by REBAC ( the Real Estate Buyers Agent Council of the National Association of Realtors). They are:
  1. Economic insecurity
  2. Difficulties in obtaining financing
  3. Problems selling current home
For the past 2 years, home buyers cited difficulties obtaining financing as the biggest hurdle to purchasing and now economic insecurity has taken over as the biggest effect on stalling home sales. Folks typically feel a little less secure about major financial purchases during a national election year. But there are many other factors that play in to insecurity mix.

Last year, the top issues for buyers were difficulties obtaining financing, problems selling a current home, and holding out for lower prices, according to the survey.

5 comments:

Gopal Yadav said...

http://kuspadko.blogspot.in/2012/08/if-you-are-in-las-vegas-for-holidays.html

Gopal Yadav said...

fantastic post and Thanks for sharing this info. It's very helpful.
guest house in jaipur

Charlie Ward said...

Great post, thank you for sharing it with us! AHMSI rip off

iffatali said...

Not all those who wander are lost.
Flights to Windhoek
Cheap Flights to Windhoek
Cheap Air Tickets to Windhoek

kaden shields said...

Your absolutely right, now is the best time to buy a house. My fiance and I just bought a house and we had no problems through out the whole process. Thanks for sharing! AHMSI rip off