For Many, The Rent Payment is Higher Then The House Payment Would Be? (RE/MAX Results)

This is very true Chuck, but for many also getting all the things you need to maintain a home makes it difficult to move forward also.

There is certainly an opportunity for buyers to get out of their renting situation and into a great home for the same monthly payment or even lower. Rates are still VERY low, even though we have seen a jump over the past 2 weeks. There are still great deals out there.

Chuck~You'd think buyers would be coming out of the woodwork, our you finding many that can't buy because of dinged credit?

Have an AWESOME day!

Hi Chuck.   You are so right.   We are seeing this more and more here too.    Unfortunately those that are able to make a purchase have dwindled because of one thing or another.   It has put an increased demand on the rental market driving prices up.   If one can make a purchase and sees a stable future, now is the time to invest in themselves!   

Hey Chuck,

It is a great time for buyers.  Oddly enough I have some buyers that qualify but would rather be renters.  And renters that don't qualify who end up being renters.  There are ways for folks to get prepared to purchase, but there is hard work because change is required.  Change in spending, change in cleaning up credit, and so much more.  Thanks for the post and best of success to you this year!

Chuck - I'm working with more and more first time home buyers that are indeed getting out of the renting cycle.  They have gotten their credit score where they need to be and realize now is the perfect time to take advantage of good inventory with low interest rates.  Hope you make it a great afternoon.