Tag: where have the homes gone?

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Where Have The Homes Gone?

In 2010 the limited inventory in the housing market was attributed to the prevalence of underwater mortgages, difficulty experienced in the attainment of financing, and the affordability of homes to the average consumer. By 2014 there was speculation that homeowners were not ready to pull away with limited equity. In 2015 the common argument was that current homeowners were not able to become move-up buyers as they were still hanging on to their underwater mortgages.