Okay, so what does that all mean to you?
Quite obviously, it's going to be harder to buy a home in 2014 than it was in 2013. Not that it hasn't been hard to buy a home for the last few years though, right?!?!?
I'm such a glass half full Realtor! And, a glass half full woman. We can cry and moan about what it's going to cost, how much harder it's going to be, but many still will be able to buy a home won't they?
Maybe not the exact one you were hoping for. Maybe you'll have to spend a little less. Maybe it will cost you a bit more. But, with rentals still being pretty outrageous, home ownership is the way to go.
Okay, I'm done. Enjoy your day!