December Home Sales Drop Sharply
Housing sales in December dropped 7 percent nationwide on declining demand in December.
Many Renters Want to Buy
Even though millions of renters say they want to buy a home, three factors are keeping them from doing so:
1. Limited supply
2. Rising prices
3. Tough lending standards
There’s not a lot of information out there to indicate any changes in these trends for a while.
Borrowers Focusing on Mortgage Payments
While their focus may have waivered while the housing market crashed, home owners are now concentrating more on paying their mortgages than their credit cards.