With the rapid increase in home prices, followed by fairly stable interest rates and income, affordability is dropping like a rock.
More Quotes from Jay Butler:
Most people buy homes for their family. But if you're driving an hour each way to work, that's 10 hours a week. How much time are you really spending with your familyJay Butler
It's a popular area. People who bought their homes at a good price have little incentive to move on.
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The hype is off the housing market. Prices are high. Interest rates are climbing. Housing needs to cool down so the market can return to normalcy.
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California has always been a dominant source of immigration for us.
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We have all these hits on disposable income, and we turn around and say we don't have to worry about higher home prices. Give me a break.
Jay Butler
Lot of people are saying they hate to see it close down.
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