The Beginning of the End?
Will it be a silver lined or storm cloud at the end of the real-estate horizon? Currently, there are dueling economic indicators suggesting the future of the real-estate market remains undetermined. Below find a summary of various economic conditions that will put both upward and downward pressure on the housing market.
Upward Pressure
Current factors that continue to put downward pressure on the housing market include:
-Decline in foreclosures and mortgage delinquencies for 3rd straight month.
-Record low interest rates
-High housing affordability
-Economic growth
-Increase in annual home sales
Downward Pressure
Current factors that continue to put downward pressure on the housing market include:
-Bulging inventories of unsold homes
-Legal improprieties in the foreclosure process
-Shadow inventory of foreclosed homes
-High unemployment
-Increase loan costs
Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes.
Real brain power on display. Tahkns for that answer!
Thanks…. Hopefully the end of the housing market decline is on the horizon!
Hey, that post leaves me feelnig foolish. Kudos to you!
What a neat article. I had no inknlig.
Superbly illuminating data here, tahkns!
Cool! That’s a clever way of lokonig at it!
Stubborn Continue to pound the square peg into the round hole despitte breaking countless pegs and hammers