Lets throw the amount of paperwork into this, though its not really a big deal. For years Ive seen faces glaze over at the paperwork, lol
I think Temara is spot-on. Its not easy to find a home now. Sellers have no equity and are out of the market. Some would be sellers cant afford to look for larger or smaller homes to fit their changing lifestyles, so they are just repairing and hunkering down. The sub contractors are again making great money from remods and repairs.
Some time ago I would have said payment shock but rents are so high and loan rates so low---thats not a concern now.