The Housing Market is Doing Great

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The Housing Market is Doing Great

Studies show that the housing market is doing fine but many people see housing affordability as challenging; however, historically this isn’t accurate. Others tend to think that house prices are nearing bubble values, but this also isn’t true if we look back on previous trends.

Below are two articles from respected organizations that support this point:

The NY Times in their article The Housing Market Is Finally Starting to Look Healthy:

It has been an excruciatingly long time coming, but the housing sector in the United States is finally getting healthy. Thank millennials and thank homebuilders who are starting to produce more of the starter houses young people demand.”

The Housing Market is Doing Great

The Street in their article Why the U.S. Housing Market Is Good and Getting Even Better:

 “Interest rates are so low now that a family can buy the median-priced U.S. home on income of less than $45,000 a year — about $11,000 less than the median household income. And half of America’s houses are cheaper than that.” 

There are some that worry if all of this talk is a repercussion of what happened in 2004 and 2005; however, Jonathan Smoke, Chief Economist at Realtor.com explains:

“The havoc during the last cycle was the result of building too many homes and of speculation fueled by loose credit. That’s the exact opposite of what we have today.” (emphasis added)

Are you feeling confident about the housing market now? You should! There is no better time to invest your hard earned money into your dream home. Would you like to discuss your options? Call us today at Showcase Realty at 704.997.3794 or send us a message here!

Did you know that there are a lot of opportunities to invest in Charlotte? Here is a good read about why Charlotte Ranked In Top 5 Among Best Cities For Young Professionals. Still not sure about investing? Be sure to read Did You Know? 2016 is Projected to Be the BEST Year in Real Estate in a Decade! to learn more!

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