tag:blogger.com,1999:blog-1752771132348583018.post3659584620377133707..comments2024-03-29T00:50:36.331-05:00Comments on Managerial Econ: What will happen to housing in 2014?Luke Froebhttp://www.blogger.com/profile/06832270922187297624noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1752771132348583018.post-58773841232897415922014-10-23T13:26:44.295-05:002014-10-23T13:26:44.295-05:00The supply of available houses is much lower than ...The supply of available houses is much lower than it was 5 years ago. Most homeowners are “waiting it out”. Not only are banks now cautious but borrowers have taken heed and are cautious as well. Times are easier for those who never owned because interest rates are low and they’re able to go from rent to own without worrying about selling a current home. Times are not as great for homeowners who bought at the peak of the bubble and paid much more than the market currently allows. Those homeowners are unable to sell at a price that will allow even a breakeven….leaving them stuck where they are. At best, they can look into refinancing to get a lower rate (that’s if they aren’t currently behind in their hefty mortgages and have maintained stellar credit). To add, banks need to continue to be overly cautious.<br /><br />Jackie YeeAnonymousnoreply@blogger.com