Recent homebuyers fear one setback could derail mortgage payments
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This as-told-to essay is based on a conversation with Ben Mutz, 39, a retired Air Force officer who bought a home that wasn’t originally for sale in Oakwood, Ohio. Mutz used Unlisted, an app that allows prospective buyers to waitlist themselves on homes that are not yet on the market. The following has been edited…
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The revised outlook reflects the cumulative weight of economic uncertainty, slower population growth, elevated borrowing costs, and modest income gains — forces that CMHC said are expected to keep would-be buyers cautious well into the second half of the year. Geopolitical pressures compound the domestic picture. The ongoing US-Iran conflict is forecast to temporarily lift…