“About
20 million families have enough money to buy a home but are choosing to rent
instead, according to new data from the National Association of Realtors. With many workers turning to self-employment
and freelance work, many potential buyers are being scared off by down payments
and requests to prove years of steady income.”
[MarketWatch.com]
Comment:
With the advent of a new 60-year cycle later this year, money building up on
the sidelines will eventually be channeled back into real estate. Watch for the economic recovery to gain steam
in 2015 and beyond.
