The housing market is currently rising. According to a reported posted on Redfin (www.redfin.com), the average homeowner took a little over 70 days to find and own a new home. This time frame included the first house tour and the complete house sale. The Redfin news report also said...
With the overall decrease of people investing and buying houses, mortgage prices are driving the market into a crisis by increasing heavily. Rather than investing time and money, people are choosing to rent apartments and rooms, rather than buying brand new houses. Young adults on average are moving out...
Will the housing market recover? Although we can never know for certain, economists can closely predict what may happen in the upcoming months and years.
The housing market will not recover for years?
At this moment it is predicted that in the upcoming year there will be a vast improvement in...
Economists have recorded a decrease in construction of new homes. The drop in percentage is about 9% and is expected to continue to increase in the next couple of months.
The demand for new homes has decreased
The demand for new homes has decreased in the last ten years hinting at...
Although the popularity of houses has decreased over the last few years, there are still families and individuals that are looking for the best and cheapest home.
The cheapest housing market is in the Midwest or the Rust Belt
Nearly all big cities contain expensive housing markets that are not affordable...
With the housing market already struggling, the federal government shutdown is no relief. President Donald Trump shut the federal government down in order to keep pushing for five billion dollars to fund his idea for the border wall. The shutdown could delay mortgage closings and may negatively impact the...
Real estate is tricky. One day the housing market is strong and sturdy, and the next day it can burst! If you are looking for a place to invest your money, Orlando, Florida is the location for you! In this booming city, the population is constantly growing. The job...
According to economists, rental prices will be rising in the next year. Although buying a house is an eventual goal, young adults are comfortable living in a temporary for-rent home until life is figured out.
The demand for affordable apartments is increasing
With mortgage prices high, the demand for affordable apartments...
The US housing market entered another slowdown in the last week of March, ending the first quarter of 2019 with the US government reporting that building permits are dropping for two months already while recording the lowest decline in the last eight months.
Moreover, construction of homes is also dropping,...
Around 40% of residents of the United States believes that the economy in the US has taken a downturn, while 17% of Americans thinks that the United States is already under a recession or economic depression, based on the recent poll by Gallup.
As the prices and sales in the...
