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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill

Home Buyers Are Stepping Back From The Market!

by Apr 4, 2018Real Estate Realities Podcast/Vidcast0 comments

Written by Robert Whitelaw, Realtor®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

April 4, 2018

The latest numbers are showing that home buyers are moving away from purchasing homes, cars and appliances!

In general, the public appears concerned. They are planning to not buy homes, cars or appliances. At the same time, credit card debt is on the rise. So what are folks buying? It sounds like they are using credit to buy the essentials, which should be a worry. We are also seeing that the average income cannot buy the average home in 70% of counties. Mobile home delinquency is on the rise while unemployment is at record lows. That is a whole lot of data that seems to contradict each other.So what can we expect from the market this year if we do see a drop in the number of home buyers in the market? Listen in as we try to unpack it all in todays show! Links:

  • https://www.zerohedge.com/news/2018-03-28/rosenberg-household-buying-plans-take-deep-dive
  • https://www.zerohedge.com/news/2018-03-28/nearly-70-us-counties-average-worker-cant-afford-buy-home
  • https://www.theblaze.com/news/2018/03/29/new-unemployment-claims-hit-lowest-number-in-45-years
  • http://www.businessinsider.com/mobile-home-loan-delinquencies-are-a-warning-sign-for-the-economy-2018-4

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