- Thread starter
- #21
You said “all of them”The reason for the high property prices is not driven by consumer demand..
Why houses are getting too expensive?
There are more buyers than there are homes available, which is keeping home prices high. Additionally, lenders are much stricter now than they were before the Great Recession, which means borrowers are more qualified and less likely to default on their loan.Aug 28, 2023
https://www.bankrate.com/real-estate/expensive-housing/#:~:text=There are more buyers than,to default on their loan.
Why is the housing market so expensive? - Bankrate
https://www.bankrate.com/real-estate/expensive-housing/#:~:text=There are more buyers than,to default on their loan.
Yet
16 million
Roughly 9% of homes (16 million) in America are considered vacant. The top 10 U.S. cities with the highest vacancy rates are in the South or Midwest. Nearly one-third (32.8%) of vacant homes are vacation homes for seasonal or recreational use.Apr 12, 2023
16 Million U.S. Homes Are Sitting Vacant, So Why Are Homes ...