logo
休斯顿 icon
icon 休斯顿 icon
新闻与资讯
Why are many homebuyers unable to become homeowners?
Why are many homebuyers unable to become homeowners? 休斯顿
By   Clare Trapasso
  • 都市报
  • Buying a home in the US
  • mortgage rates
  • US house prices
Abstract: There's one big thing holding back today's real estate market: potential homebuyers can't afford to buy a home.

The National Association of Realtors® surveyed approximately 2,200 potential homebuyers, and to everyone's surprise, the most common reason homebuyers said they haven't purchased a home yet is that they're waiting for home prices to fall.


Many are also waiting for mortgage rates to fall.


Other factors include a scarcity of affordable housing, difficulty saving for a down payment and difficulty getting approved for a mortgage.


Things are pretty bleak, especially for first-time buyers trying to enter the market," said Jessica Lautz, NAR deputy chief economist. The inability to save enough for a down payment is holding potential homebuyers back, as well as making them worry about competing with multiple offers and cash buyers."


Many first-time buyers are hampered by skyrocketing rents when saving for a down payment, while existing homeowners face higher property taxes. Credit card payments, expiring student loan debt, car loans, health care costs and child care expenses are also eating into their savings. And inflation is making all of them more expensive.

Why are many homebuyers unable to become homeowners?

Minority homebuyers face particularly serious obstacles, the report says.


The situation is even tougher for black and Hispanic homebuyers," said Rounds. The lack of low-cost home construction and the lack of willingness of existing homeowners to relocate are contributing factors."


People of colour homebuyers are also more likely to be denied a mortgage. About 16 percent of black buyers and 14 percent of Hispanic buyers surveyed who applied for a mortgage were not approved. The same was true for about 12 percent of white buyers and 7 percent of Asian buyers.


Low credit scores and insufficient down payments were the main reasons they were unable to get a loan. Systemic racism, passed down through generations, is a major contributor to this situation. Many families of homebuyers of colour in this country are unable to provide the same level of financial assistance as relatives of white homebuyers.


Homeownership is one of the traditional ways that Americans have built wealth for generations. After the end of World War II, the U.S. government facilitated the purchase of homes for white veterans, but prevented many veterans of colour from purchasing homes. They were barred from buying property in many white neighbourhoods and were unable to obtain cheap mortgages. Those who managed to become homeowners despite the odds risk having their land harassed or expropriated.


Says Rounds, "We know that getting help with a down payment from a friend or family member can really make someone a homeowner." We also know that minority homebuyers are less likely to receive such help.



According to the NAR survey, about one in six homebuyers reported experiencing discrimination during the homebuying process.


About 16 percent of black and Hispanic homebuyers were victims of discrimination, as were 14 percent of Asian homebuyers and 13 percent of white homebuyers. More than half of these homebuyers of colour believe they have been discriminated against on the basis of race.


Slightly more than half of black buyers said they were steered into or out of certain neighbourhoods. About a third said homeowners or real estate agents refused to show them homes.


My house.


Says Rounds, "Unfortunately, we see potential home buyers continue to face discrimination in the home buying process." Whether it's stricter lending requirements or refusing to call some people back to get a mortgage, this discrimination is sure to happen in many different ways. We know that minority homebuyers are facing a tough road.

留言
icon
请输入您的国籍
+87
不能为空
电子邮件地址无效 电子邮件地址未验证!
icon
欢迎访问 House.com
登录或注册以充分利用您的体验。这也将增加您与经纪人交流的机会。
请输入有效的电子邮件地址。
继续使用 Google
提交即表示我接受House.com的   使用条款
icon icon
验证您的电子邮件
你好 我们刚刚将验证码发送到您的电子邮件中。请检查并在此处输入验证码以继续登录。
验证码错误
没有收到电子邮件?请检查您的垃圾邮件文件夹
icon
banner
Why are many homebuyers unable to become homeowners?
icon 复制链接
icon WhatsApp
icon Facebook
icon Twitter