Lawrence Yun, NAR senior economist, said some consumers are uncertain.
“Home buyers have been getting mixed signals about the housing market, which is causing some of them to hesitate,” he said.
“Mortgage interest rates have risen recently, and tightening lending standards are continuing to hamper sales, but fewer risky loans will put the market on a healthier path. Although general buying conditions remain favorable for long-term home buyers, it appears some buyers are looking for more signs of stability before they have enough confidence to make an offer.”
According to Yun, and the shills at the NAR, it is always a good time to buy! Buy, Buy, Buy!