Ohio Market Watch: Buyers' debt level holds steady
By Greg Stitz, Ohio REALTORS Director of Research
About two-thirds (64 percent) of Ohio REALTOR members responding to a recent Housing Confidence survey see no change in in the amount of debt their buyers are bringing to the table. The current findings reflect a 5 percent decrease from the 69 percent indicating so last June, but a 6 percent increase from June 2016 when the same question was asked. Additionally this year, 11 percent of respondents are noticing buyers’ debt loads decreasing and 25 percent are noticing an increase.
Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,200 Ohio REALTORS participants. Click here to participate in future Ohio REALTORS Housing Confidence Surveys.
