SPOOKED HOUSE HUNTERS ARE DROPPING OUT OF THE REAL-ESTATE MARKET AS THEY CONFRONT ECONOMIC UNCERTAINTY ON MANY FRONTS
https://s.yimg.com/ny/api/res/1.2/jMyOgwHZ4c1Fd7HpbDPr7w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02MDA-/https://media.zenfs.com/en/marketwatch_hosted_869/1e13dd2ad295fb35d3133433b2c755bf
✍️ The article discusses how the recent stock market downturn is causing prospective home buyers to pause their purchases, citing uncertainty and financial insecurity.
👉 Prospective home buyers are pausing their purchases due to stock market uncertainty 👉 High-income buyers are also pulling back due to their stock market portfolios taking a hit 👉 Real estate agents and survey data suggest that this trend is widespread 👉 Some buyers are opting to wait it out, while others are finding creative ways to make their purchases more affordable 👉 Sellers are offering concessions, such as money toward repairs or closing costs, to reduce the buyer's total cost of purchasing a home
-- #JeremyApplebaum #IdaSchwartz #SabinaGirsh #ChenZhao #RebeccaHeller #ChaleyMcVay #OverlandPark,Kan. #Miami #SanFrancisco #California #Kansas #NewYorkCity #Bronx #SanAntonio,Texas #Tampa,Fla. #Seattle #Portland,Ore. #business
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