With less household income to work with, fewer people are in a position to buy a home, this particularly affects first time buyers who will often choose to continue to rent when they are unsure of their future finances than commit to a mortgage. With fewer potential buyers around, house prices often slump further in a bid to attract those who are well placed to get a foot on the property ladder. However, for those who need a fast house sale, this often means disappointment or a lengthy wait.