The more obvious culprits in limiting home sales in today’s market are the sluggish economy, continuing tight job market and tough requirements to qualify for a mortgage. But there’s another not-so-obvious reason. Fewer babies are being born. Thus, families are more inclined to postpone a purchase of a family home. Young couples in [...]
The sluggish economy and high unemployment rate has a greater impact on today's homeowners than a possible foreclosure. It also increases the risk of home burglaries and even home invasions.
Strategic defaults, the practice of homeowners defaulting on their mortgage even though they have the financial capability to make the payments, are on the rise.
Recent news reports indicate a growing trend of individuals and families opting to rent a residence as opposed to buying a home. This is probably a temporary, and not a long-term, trend.