Any potential pricing downturn would only happen if homeowners were actually willing to sell for less – and there aren’t too many in that camp! Those who get in a bind can get a loan mod or just not pay for years. The banking industrial complex has figured it out too – if the going gets tough, just stop foreclosing!
But this chart says it all – buyers are hunkering down!
Jim,
That is an incredible stat.Can I ask whether this came from JTR clients only, or an even larger sampling?
It’s from the C.A.R. Home Buyer Survey:
http://www.car.org/marketdata/surveys/buyer/
700 telephone interviews and 567 online surveys conducted in February–April 2015
Respondents are homebuyers who purchased a home Feb.2014–Feb.2015