Listen Now: Home Sweet Home
Real estate experts say it’s a consumer’s market but people aren’t buying.
For personal issues or fallout from the economy many people are shying away from the title of home owner. At a recent real estate convention, I spoke with Sherry Chris, Head of Better Homes and Gardens Real Estate, about the problem.
“Right now across the country I have a national scope. There’s a shortage of listings in many communities, which is continuing to drive prices up. One of the things that we’re hoping for is that the ever-elusive millennials will step up and start buying at a faster pace than they have been.”
Msn Money also looked at reasons behind the lack of buyers. It found that millennials as a group are opting for a different lifestyle. Having a family is on the back burner and no kids means less of a need for a home, backyard and garage.
For the top ten reasons MSN Money says people aren’t buying a home, read the full article now. Home sweet home for millenials may just have to wait.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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