Yellen Said There's a Huge Number of Young People Living with Parents Waiting to BUY a House
These people are in their early 30's and are still living with their parents.(PENT UP DEMAND) If interest rates start to rise these people will start to panic and jump into the housing market with both feet. They have been waiting and watching as prices have been climbing, and the risk of waiting longer means they will have to pay more. If these young people (first time home buyers) had bought last year they would be ahead now buy at least 20% on their home investment. WATING IS A MISTAKE imo.
I'm expecting the housing market to heat up this spring, and this is good for HOV and the others.
STOP LISTENING To the doom and gloom guys on CNBC, they will keep you out of a good thing.
Even Ken Rosen of Ken Rosen Consulting Group agrees it's time to get into the housing market especially for the first time and move up buyers.
What people like you fail to realize is that people HAVE BEEN BUYING real estate ever since the bottom, irregardless of interest rates. You and those on Wall Street want the masses to believe that real estate has been dead for 6 straight years and NOBODY puts money into it. Excuses about young people being losers is popular right wing BS. The concept of "waiting" for housing to bottom, or interest rates to bottom, or anything else to bottom, is just Wall Street's way of keeping idiots like you out of the game.
So stay on the sidelines fool, and let the adults make all the money.