Housing Market Slowdown

[John Mercier]

Originally Posted by winterh

This has a lot to do with homes you see sitting on the market. Especially at the higher price points buyers can have it all and there is more to it than a nice house

They rebuild the houses.

Building and renovation hasn't slowed a bit.

But they can't change the location. And unlike a few years ago where they bought anything and if a better location opened they would trade up; they now know that even if that location opens up... selling the current one that you bought in a rush for fear of losing out may sit on the market for a long time.