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Homebuying activity is falling off a cliff (On a yearly basis, pending transactions were down by 18.7%) (finance.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 1 year ago

Can only speak for me, and the people I talk to, but the rates are less the issue. It certainly factors in, but the high total costs with no adjustments to wages means we've fallen into a gray zone where we really don't want to rent, but are forced to. I work in a hospital, and the people over ~40 are in houses that they are deathly afraid to get out of, and those of us under ~40 are renting, hoping something changes, or an asteroid strikes. Either one would be good, now.