The latest numbers are showing that home buyers are moving away from purchasing homes, cars and appliances!
In general, the public appears concerned. They are planning to not buy homes, cars or appliances. At the same time, credit card debt is on the rise. So what are folks buying? It sounds like they are using credit to buy the essentials, which should be a worry. We are also seeing that the average income cannot buy the average home in 70% of counties. Mobile home delinquency is on the rise while unemployment is at record lows. That is a whole lot of data that seems to contradict each other.So what can we expect from the market this year if we do see a drop in the number of home buyers in the market? Listen in as we try to unpack it all in todays show! Links:
- https://www.zerohedge.com/news/2018-03-28/rosenberg-household-buying-plans-take-deep-dive
- https://www.zerohedge.com/news/2018-03-28/nearly-70-us-counties-average-worker-cant-afford-buy-home
- https://www.theblaze.com/news/2018/03/29/new-unemployment-claims-hit-lowest-number-in-45-years
- http://www.businessinsider.com/mobile-home-loan-delinquencies-are-a-warning-sign-for-the-economy-2018-4
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