North Dallas Homes: Top 3 Reasons People aren't Buying Homes

Right now is one of the best times to buy a home in more than 20 years. Home affordability is at record highs and mortgage rates are at all time lows. And more buyers are interested in buying right now that in the past few years. So why aren't more buyers scrambling to actually complete a purchase?

The top 3 obstacles preventing home buyers from completing a home purchase in 2012 were recently determined in a survey by REBAC ( the Real Estate Buyers Agent Council of the National Association of Realtors). They are:

1. Economic insecurity
2. Difficulties in obtaining financing
3. Problems selling current home

For the past 2 years, home buyers cited difficulties obtaining financing as the biggest hurdle to purchasing and now economic insecurity has taken over as the biggest effect on stalling home sales. Folks typically feel a little less secure about major financial purchases during a national election year. But there are many other factors that play in to insecurity mix.

Last year, the top issues for buyers were difficulties obtaining financing, problems selling a current home, and holding out for lower prices, according to the survey.

Source: http://lydiaplayer.blogspot.com/2012/08/top-3-reasons-people-arent-buying-homes.html

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