In the latest quarterly HOME survey, respondents were asked about their confidence in the U.S. economy and their housing expectations in 2017.
Affordability is the number one reason non-owners give when asked why they don’t own. A big factor is the on-going confusion about down payment requirements.
For the final three months of 2016, the sales prices in more than half of the markets tracked since 2005 have equaled or surpassed previous peak levels.
Affordability, student debt and confusion about down payment requirements prevented many aspiring homeowners from entering the market.
Protect Your Home Tax Deduction
Don’t let Congress take away your Home Interest Deductions!
Changes to the Mortgage Interest and Real Property Tax Deductions will harm the financial stability of American families. Urge Congress to oppose any changes to income tax deductions on your home.