Home buyers and would-be buyers
I asked you recently if you planned to buy a home in the next year, since I'm nosy that way. Forty percent of you said yes -- no doubt a higher share than a scientific poll would get, since I'm asking people reading a blog about the housing market.
The results are more involved than just that, though. Many of you are would-be buyers. As in, you'd like to buy in the next year but probably can't.
About 22 percent of you said that describes your situation. Most in that category are currently homeowners, not renters.
All told, 61 percent of renters who took the poll expect to buy in the next year.
Just 28 percent of homeowners said the same.
A number of you said in a past poll that you're underwater on your mortgage -- that's a major factor keeping people stuck in place.
Wonk reader M writes, "I have 20% down for a new house and have been ready to move for the past year. However, my house/mortgage is just about level and maybe a little under water and I don't want to deal with renting it out and possibly going a couple months paying two mortgages if I can't get it filled right away. So I am holding off for now, which is disappointing. If I could at least break even I would move."
What's your reason, if you're in the "want to move but can't yet" group?
Is anyone doing home-improvement projects in lieu of relocating?