Monday, September 12, 2011

No Rush to Home Ownership

Droves of potential buyers, particularly young adults, are renting longer even when they can afford to buy, stockpiling their savings or seeking investments they see as safer, real estate brokers and economists say.
People who do buy are increasingly opting for more modest houses. Recent data show new homes are smaller -- and sport fewer pricey extras, such as fireplaces and patios -- than in years past. Read the full story from the Charlotte Observer.