House hunters are too scared to buy despite low prices

Most of the economic indicators are showing that the economy is on its way up. Unfortunately, the housing market is still in a decline, which is scary considering it's a pretty big sector of the economy. There are a couple of reasons why people aren't buying housing, even though there have been historical lows on interest rates and prices. The first is people are scared that they won't be able to make payments, which is part of the reason why the economy fell so hard in the first place. The second reason is that people are trying to see if they can get better deals on houses if they wait longer. The reality is that houses won't be that much cheaper, because they are already at historic lows. People need to start buying houses now to help the housing market.