The Week (US)

Home-buying jitters

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Americans have increasing­ly soured on the housing market, said Taylor White of Market Watch.com. Only 24 percent think this is a good time to buy a home, a dramatic drop from 54 percent in 2013, a scant five years ago. What’s changed? Prices are higher than ever; 197 towns and suburbs now sport median home values of $1 million or more. Mortgage interest rates are a full point higher than they were last year, and the highest they’ve been since 2011. But perhaps most worrying for future trends is that the Millennial generation has not transition­ed into home buying. In the past, Americans often began shopping for homes when they were still under 35. No longer. This generation is skittish about the promise of homeowners­hip; 78 percent say that memories of the Great Recession still weigh on their decisions. variety can “improve their skills and abilities.” They see criticism not as a setback but as a tool to reach personal goals. “They have close friends at work, and they also tend to be strong on both self-control and selfawaren­ess.” Those who take critical feedback well should be much desired by employers. “This guy is a learning machine,” said one boss of an employee who constantly sought out pointed criticism.

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