Need more savings. Plus where I want to buy the market is overrated. Miami
7 months ago | 1
Many potential buyers are sitting in their own homes currently for sale. Until they sell they can’t move. We know what house we want next. It’s still sitting for sale. Ours had an offer contingent on a contract which those buyers have not been able to secure so in our case it would have been a domino effect needing every house before to sell and that’s not happening. We’ve had 2 other offers and they could not get financing done despite a ‘pre qual’ letter.
7 months ago | 2
Interest rates - would love to sell and move but need interest rates to be lower to justify buying a bigger house
7 months ago | 1
Student loan debt added into DTI. I can comfortably pay my student loan. Homes in my area of Georgia I can’t find a shack for less than $200,000. All the homes are priced $290,000 and up.
7 months ago | 0
The price. I am in Austin, TX, and renting is much cheaper than owning a home. Rents and home values are falling sharply. For example, Lennar is reducing the price of a 2000-square-foot home from 550K to 417K. That is a lot of price reduction, but Lennar still represents low quality, and therefore, it is too expensive. Even if the quality were higher, property taxes would be high, too. Renting is currently the way to go, at least for me. However, due to oversaturation in the multi-family sector, the rental market will not recover for many years. In other cities, it may be a wise choice to buy, but not in Austin.
7 months ago | 2
The type of housing I want (condo) does not exist where I want to live!
7 months ago | 0
Jeb Smith
What's holding you back from buying a home?
Drop your thoughts below and tell me why!"
7 months ago | [YT] | 11