Falling home prices may lead to less spending
From Las Vegas Real Estate News…
A “sizeable” group of the country’s most recent home buyers may embark on the economic ride of their relatively young lives, according to new research focusing on how they plan to deal with a possible slowdown in housing values.
If prices simply stop rising, one in four homeowners say they’d have to rearrange their budgets, according to a recent poll of 2,261 homeowners in 13 areas of the country with the greatest concentration of new construction or the highest rates of appreciation.
However, should values fall by 10 percent, one in three would have to tighten their belts, and with a drop of 25 percent — an amount that is not unprecedented — one out of every two homeowners would be financially challenged. To read this article, click here.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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