Those looking for a home have always had enough reasons to wait. Sometimes they wait for lower interest rates or lower home prices. Sometimes they wait for their incomes or credit scores to rise. And sometimes they are just waiting for the right home.
Their waiting reminds me of the story I was told about a bride and groom who were walking down the aisle of a church to tie the knot. Both were getting married for the first time, and both were in their 80s. A caretaker who happened upon the wedding could not help himself, and he asked a guest why the couple was so old.
"Oh, them," said the guest. "That's the couple who waited until everything was perfect before they got married."
Buyers, this is the perfect time to buy a home: Interest rates and prices are low and there is an abundant housing inventory at all price levels.