Home sales are down. Way down. So what are the reasons as to why people are not buying homes? There is a lot of them. Some of them make sense, others may not… From a sales perspective, there is blood in the streets. It’s a real estate sales depression… But prices as a whole have not followed suit.
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Chapters
0:00 – Intro
0:47 – Response #1 – Waiting for Mortgage Rates to go Down
2:50 – Response #2 – No Plan to Buy
2:58 – Response #3 – Waiting for a Change in Life Situation
3:20 – Response #4 – Expect Home Prices to Decline
3:48 – Response #5 – Waiting to Earn More Money
3:59 – Response #6 – Saving for a Downpayment
6:36 – Response #7 – Expect Better Homes to Come on Market
7:29 – Conclusion
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Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | [email protected] | https://www.Boston2.com | REAL Broker
Disclaimer: These are the opinions of Jeffrey Chubb personally and not REAL Broker. You should do your own research to come up with your own conclusions when it comes to making the investment decision of buying or selling real estate.
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FHB, not buying a house at these prices unless I have 20% down, closing costs and 6 month emergency fund.
Stupid to have any less in this climate
Great video. 👍
You dont need to explain it!!!!!
Why are people not buying because prices are insane and interest rates are even worse! Most people are not multimillionaires! Yet to buy a single-family home in most cities requires you to be a millionaire.
The REAL reason? Wallstreet and flippers want a 50% mark-up, without waiting the decade or two to GET there. WAY beyond middle class's means.
Price, rates, taxes, insurance, HOA and other fees.
I am leaving the country soon, that’s it. Done with the games. I am not the only one.
For me, it's the combination of price and rates. I've never owned a home. I've rented since I was 18, so I 100% agree, landlords are the biggest waste of money in our country. But if what you believe turns out to be an accurate prediction, I may never own.
Taking a break from house hunting for July vacationing