Why Do You Think Home Ownership is Still Dipping?

I do see some people still holding back, but overall the large number of buyers are out pacing the available homes. Personally, I think the time is better than ever to become a homeowner, or to move up. 

Hi Tammy,  I feel that the Boomergang Buyers are still feeling squeezed by the rapid price increases of the past couple of years and many have not regained much of what they lost in the economic crash.  They don't have the financial resources to buy without going with a government backed loan, and they don't want to do that.  These people got burned badly once, and they simply feel safer renting.  Not so much to lose if we see another economic downturn. What many went through was very traumatic.  Losing your home is like losing a part of yourself and that emotional blow is very hard to overcome.

Debbie

I agree Debe Janes comment is right on point . . . .  also Sandra Paulow is on point with her comments as well.

Good luck and success.

Lou Ludwig

Uncertainty. There is less stability and staying in place than before. Continuing to rent offers flexibility and much less risk if an opportunity to relocate presents itself.

Tammy Consumer Confidence is the issue and sadly those who wait too long will miss out because the prices will increase and the interest rates will climb...perfect recipe to be a renter for life...Endre

Tammy Adams ~ Realtor Maricopa, AZ  Dallas Millennials may not fit in the Millennial box.  Many of my clients in the defined age group have bought and sold homes and some are investors.  Others are trying to purchase their first home and are experiencing the scenario Endre Barath, Jr.  references in his comments.  Prices have risen faster than their salaries and cash buyers have out bid them on properties.  Monday, a lender is discussing this topic at our team meeting.  It will be interesting to hear her thoughts on the topic.  In general, uncertainty is creeping into the real estate market.