Why The Housing Market Isn’t Recovering

For nearly two years, the majority of key indicators that the economy is recovering has been moving in the right direction, however, home sales have remained in the dumps. Unfortunately there are many day-to-day realities that are holding back the housing market: Job growth is slow • Job growth is back, but corporations have found
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Why “Now” is the time to buy!

•Mortgage rates continue to be at or near historical lows •Low rates and recalibrated home pricing is driving the highest level of “home affordability” in the history of this index •The challenge to the buying opportunity created by high affordability is relatively low consumer confidence given the economic recovery we are in •High affordability struggles
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