The point with fewer people opening house purchase certificates is typically in areas with a higher cost of living and stricter housing regulations. For instance, New York City and San Francisco are known for their high housing prices and stringent mortgage requirements, which can deter potential buyers from obtaining purchase certificates. According to the U.S. Census Bureau, the average purchase certificate opening rate in New York City is around 5%, while in San Francisco, it is approximately 4%. This is significantly lower than the national average of 15%.

The high cost of living in these cities makes it challenging for individuals to save for a down payment and meet the financial requirements for purchasing a home. Additionally, strict mortgage regulations, such as higher credit score requirements and larger down payment percentages, can further discourage potential buyers from pursuing house purchase certificates. For example, in New York City, the average credit score required to obtain a mortgage is around 740, which is higher than the national average of 710. Furthermore, the average down payment required in San Francisco is 20%, compared to the national average of 10%.

Another factor contributing to the lower purchase certificate opening rate in these areas is the limited availability of affordable housing. The high demand for housing in cities like New York City and San Francisco often leads to bidding wars and skyrocketing prices, making it difficult for first-time homebuyers to enter the market. According to the National Low Income Housing Coalition, only 35% of extremely low-income renters in New York City can afford a modest two-bedroom apartment at fair market rent.

In contrast, areas with lower housing costs and more lenient mortgage regulations tend to have higher purchase certificate opening rates. For example, in cities like Tulsa, Oklahoma, and Akron, Ohio, the average purchase certificate opening rate is around 20% and 25%, respectively. These cities offer more affordable housing options and have less stringent mortgage requirements, making it easier for individuals to obtain house purchase certificates.

In conclusion, the point with fewer people opening house purchase certificates is typically in areas with a higher cost of living, stricter housing regulations, and limited availability of affordable housing. Cities like New York City and San Francisco exemplify this trend, with lower purchase certificate opening rates compared to the national average.