Re:Making sense of what’s going on in the housing market
by emodendroket on Wednesday April 21, 2021 @11:40AM
(#26891100)
I think people who have a home are also largely taking a wait and see approach and not trying to move, which constrains supply further.
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Re:Making sense of what’s going on in the housing market
by foobiekr on Wednesday April 21, 2021 @10:26PM
(#26898061)
I don't know. There are many reasons people may not sell or move. Literally the only reason my wife and I are not selling our home in Mountain View is that I have a vesting event in the early spring and I need to be physically present until then. Otherwise we would absolutely be selling now.
Re:Making sense of what’s going on in the housing market
by runeks on Wednesday April 21, 2021 @12:21PM
(#26891710)
Who’s buying all the houses, then?
Re:Making sense of what’s going on in the housing market
by milkytron on Wednesday April 21, 2021 @12:38PM
(#26891936)
Millennials, apparently. The generation has a huge population that is at the prime home buying age (nowadays). Being stuck at home with parents or in an apartment is not where a lot of people wanted to be during a pandemic. Combine that with low interest rates, and also investors that see property as a relatively safe asset.
The wait and see camp is probably most people, but those that aren't comfortable with their home situation and being stuck in it are likely itching to move.
Re:Making sense of what’s going on in the housing market
by emodendroket on Wednesday April 21, 2021 @12:36PM
(#26891911)
Aren't there a significant number of first-time buyers?
Re:Making sense of what’s going on in the housing market
by munificent on Wednesday April 21, 2021 @01:26PM
(#26892675)
Renters in smaller apartments craving more space now that they are stuck at home 24/7.