Why Aren't People Buying Houses?

Even with mortgage rates are less than 5%, home prices in Broward and Palm Beach counties are about half of what they were at the peak of the housing boom in 2005.


It’s seams like a great time to buy – why are people so hesitant?


The government tax credits are gone, and potential buyers either don’t have jobs or are afraid of losing them. Some people don’t want to take on a mortgage because they think prices are destined to keep falling.

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