, where they could be subjected to the fierce and costly bidding wars that have become commonplace across the U.S.
“It’s hard to upgrade,” said Thad Wong, co-founder of Chicago-based brokerage @properties. “Even with low rates and the appreciation of their home, they can’t find something better than what they live in right now,” he said of prospective sellers. The fear of failing to find a new residence is the latest reason homeowners are staying in their homes longer than they did in the past. Many baby boomers are choosing to delay retirement or age in place. And now, some young families who want to trade up worry they’ve been priced out of their neighborhoods.
I’d say “most” is a more accurate description, at least on the Front Range. The housing market is not a rational reflection of actual property value in any case. More likely, it shows an unwillingness to build affordable homes and sell them for a fair price.
Hassonah, M. A., Al-Sayyed, R., Rodan, A., Ala’M, A. Z., Aljarah, I., & Faris, H. (2020). An efficient hybrid filter and evolutionary wrapper approach for sentiment analysis of various topics on Twitter. Knowledge-Based Systems, 192, 105353.
Why we need comprehensive agreement to build more housing
Also predatory real estate investors out-bidding first time homebuyers on starter homes.
This entire article is an oxymoron.
Maybe the government should step in and block foreign investors and hedge funds from buying up homes to turn into rentals and the market wouldn't be massively inflated, pricing real Americans out of the market like is happening right now.
Not really sure if I read wrong, there’s demand in market but prices are not high?
Joe Biden's refusal to lift the moratorium against evictions and foreclosures is also contributing to the US housing crisis.
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