Weak consumer confidence and depreciating home values have affected prospectivehomebuyers of all ages, encouraging many people including young adults to wait to buy.
Nonprofit housing assistance programs such as Smith's are available in many cities across the country to educate and counsel prospectivehomebuyers and inform them of available assistance.
In the almost six months that the Dillons' four-bedroom, two-and-a-half-bath home has been on the market, a little more than a dozen prospectivebuyers have been through.
In addition, specific high-end features such as media rooms with specialized audio, visual or gaming equipment may be appealing to a few prospectivebuyers, but many potential homebuyers would not consider paying more for the home simply because of this additional feature.