why home buyers did not buy

Top 3 Reasons Why Buyers Did Not Purchase

A recent survey revealed the top three reasons why buyers decided against purchasing a home. The findings indicate that 72.1% of buyers cited mortgage rates as a key factor, followed by inventory at 34.4% and affordability/home prices at 17.4%. These concerns highlight challenges in the current housing market, primarily driven by high mortgage rates, limited inventory, and affordability issues.

#1 Mortgage Rates (72.1%)

High mortgage rates impact purchasing power. And right now high mortgage rates are the biggest factor in why Buyers have not bought.

You would think it would be the current high prices. But people are dialing down to their mortgage payment not the price of their home…

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2025 real estate market

In 2025, the U.S. real estate market is poised for growth, driven by a strong economy and evolving conditions.


  • Home sales are projected to increase by 10%, mainly due to existing properties.
  • Mortgage rates are expected to drop to around 6% by early 2025, despite recent hikes. Updated November statistics now show forecast of 6.3%-6.4%
  • Home price appreciation is predicted to slow, with an estimated growth of 2.6% by year's end.
  • High mortgage rates are causing current homeowners to hesitate in selling, leading to low inventory and elevated prices.

January 2025 Update

  • No one is talking about interest rates below 6%. Low 6% is the best we will get.
  • Average home forecast is 3% which is within the prior range but the average…

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