It's still a sellers market out there in real estate land, and buyers are apparently tiring of it. MarketWatch explains why:
Today, less people are buying houses. According to Fannie Mae, a mere 24% of Americans feel like now is a good time to buy a house. Looking back to 2013, when 54% of consumers were confident in the housing market, it feels like a lot has changed in a small amount of time. It’s clear that the certainty of prospective homeowner is waning.
The housing market is far from a perfect science, but there are some trends that could be influencing homeowner behavior and confidence such as:
- Rising house prices
- Salary stagnation
- Generational trends
- Record high interest rates
