[quote-sdduuuude]….In fact, owners are seeing prices come up and deciding they could get more later and that is delaying listings…..[/quote]
I agree with this statement. I’ve seen articles and videos online over the weekend that “boomers” have decided to mostly stay put …. for now.
The “boomers” recently interviewed all over the country are apparently “happy” with where they live and don’t particularly want to “downsize.”
Part of this has to do with not being able to re-purchase today the quality of home/location they are currently living in, even if they sell. And a large portion of them can’t qualify for purchase-money mortgages, and, in any case, don’t want one at this late date. I myself can identify with this mindset.
Since there are presumably 77M of us and the vast majority own their own homes, that is a LOT of current listings across the country that don’t seem to be materializing.
Of course, in a few years, this could change, depending . . .
