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Sellers’ remorse hinders housing market

Posted on 12 September 2012

It’s a great time to buy a home. Selling a home? That’s a different matter. The combination of the sharp decline in home prices since the housing bust and record-low mortgage rates have brought housing-affordability indexes to record highs. And with rents rising, home price-to-rent ratios—the housing equivalent of a price-to-earnings ratio for stocks—are at their lowest levels in more than a decade.
Small wonder, then, that when households polled for the Thomson Reuters/University of Michigan’s survey of consumers in August were asked whether it was a good time to buy a home, most said yes………………………………………..Full Article: Source

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