AP Survey: More Homeowners Avoid Buying Homes
April 18, 2008 | Filed Under Real Estate News
A growing number of Americans say they don’t plan to buy a home anytime soon, according to a new Associated Press-AOL Money and Finance survey. Nearly two-thirds (60 percent) of homeowners say they definitely will not buy a home within the next two years, up from 53 percent in September 2006. More than a quarter of homeowners worry that their home will lose value over the next two years, and one in seven fear they won’t be able to make a mortgage payment on time over the next six months.
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Good article - all very informative. Another thing to consider is that 24-27% of ALL potential home buyers are NOT going to qualify for financing now - with the new restrictive mortgage guidelines - and NO MORE $0 Down loans. Perhaps you and your potential buyers would benefit by having me help them to genuinely repair their credit. I’ve written an article about that at http://www.jeffboyce.net and would welcome the opportunity to help you sell more homes this year!