First-time home buyers are noticing some challenges — as the entry level housing market is getting more and more competitive.
ASU Study: Slow Home Price Growth Could Be Related To Shutdown
The shutdown of the federal government may have had an impact on home sales in
Mike Orr of the
“When people can see something looming like a possible default, they tend to think it could really put all the markets into a turmoil,” Orr said. “Maybe it’d be a good idea to wait on the sidelines for a bit and see what happens rather than make a big decision.”
Orr said he doubts the slowdown in sales will last long. He said the supply of homes on the market has increased, due to rising prices. Orr expects the market to pick up again after the New Year, maybe as early as February.