Saving, Managing Debt, and Budgeting


Why are there fewer potential buyers for houses today?

There are fewer potential buyers for houses because many fear employment loss, an inability to obtain a loan, an inability to manage current expenses, and expectations that prices will further decline. Potential buyers would rather wait out a decline in price than jump in now. Sellers are holding out for the best price because they need to pay off their mortgages, and pull as much value from their house as possible in order to buy another house.


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