And it will continue to be sluggish because my generation can't afford to buy homes while paying off student loans.
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Without good jobs, home ownership will remain depressed. Ditto for high real estate taxes driven by exorbitant school budgets.
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insane property tax rates make homes unaffordable even if u can swing a mortgage
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What is the percentage of Americans who can afford the down payment and still feed themselves?
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Who can afford a home with the Slave Wages Hourly Rate.....????
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Don't like your wages? Increase your value with education and training in a needed skill area. Don't wait for guv.
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Have you seen what education costs nowadays...??? And you must juggle trying to survive, with getting it, for many...
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my daughter is studying physics at a state university. Her debt will be less than $30k after her BS.
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Great Stuff..... Peace out.....
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Not to mention loss of real estate taxes to local municipalities.
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you can thank Dodd frank for that it is impossible to get a morgage
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and whose fault? Banks won't refi high interest current loans; refuse to modify underwater loans yet short sale to other than owner..
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Manufacturing jobs are good paying jobs...Please hurry Mr President.
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Homeownership? 1/3 of the homes in my neighborhood have adult children living with them.
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home prices have risen faster than income. Used to be one could easily find a home 2x income or less. Many markets now it is > 4x.
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mortgages are too damn high!
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