Home Buyers Disappear
From the AP:
In an ominous snapshot of how the sagging real estate market and sour economy are intersecting, the Associated Press-AOL Money & Finance poll also found that 60 percent said they definitely won’t a buy a home in the next two years.That was up from 53 percent who said so in an AP-AOL poll in September 2006. Only 11 percent are certain or very likely to buy soon, down from 15 percent two years ago.In today’s economic climate, even holding onto what they already have is a challenge and source of distress for significant numbers of homeowners. Nearly three in 10 said they are concerned their home’s value will decline over the next two years, while 14 percent of mortgage holders expressed worry that they might miss payments in the next six months.
Original post by Clint8200
This entry was posted on Monday, April 14th, 2008 at 3:14 pm and is filed under Housing. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback