It's a more cautious buyer.
Most people buy homes for their family. But if you're driving an hour each way to work, that's 10 hours a week. How much time are you really spending with your family?
We have all these hits on disposable income, and we turn around and say we don't have to worry about higher home prices. Give me a break.
Most of the investors are gone, and traffic is down in home builders' sales trailers. Just look at all the ads. Builders are trying to move homes fast.
If you are trying to buy a home, you have to be careful about what you are doing.
The hype is off the housing market. Prices are high. Interest rates are climbing. Housing needs to cool down so the market can return to normalcy.
One month does not make a trend. The pace has been so strong the last couple of years that they've outstripped physical production and worn out physical resources. There may be a desire to extend the market by constraining it now.
It's a popular area. People who bought their homes at a good price have little incentive to move on.
A lot of people buying cabins only use them a few weeks a year. The unfortunate aspect is those weeks are the same few weeks that everyone wants to use them.
Copyright © 2024 Electric Goat Media. All Rights Reserved.