- Industry experts predict that the housing market is set to break many new-home sales records in the next two to three years.
- A weak economy and mounting concerns about the financial stability of the US housing market are driving those predictions.
- There have been signs of strength in the US housing market for several months now, especially compared to a year ago.
The U.S. Department of Commerce announced that the sales of new homes in the United States increased by 4.3% month-on-month in January, at an annual rate of 923,000 units. This is from an upwardly revised 855,000 units. The median sales price rose 5.3%, and most financial experts are predicting that US housing prices are set to rise further.
A weak economy and mounting concerns about the financial stability of the US housing market are driving those predictions.
While still facing many health and economic challenges ahead, there is no doubt that the country will recover from this calamity and the sluggish economy will continue to support the housing market.
Industry experts predict that the housing market is set to break many new-home sales records in the next two to three years. The slowdown in the real estate industry has affected the overall US economy badly, but experts believe that the slowdown won’t last for long. They say the US is on its way to recovery.
There have been signs of strength in the US housing market for several months now, especially compared to a year ago. For instance, home sales dipped in October but finished higher in November last year.
US mortgage rates have remained very stable over the past few months, and home buyers have increased their purchases of homes in response to low mortgage rates. Experts believe this trend will continue as mortgage rates start to rise again in the coming months.
While the housing market in the US is far from a crisis, many people are starting to look at buying a new home as a bad investment proposition. Home values are dropping everywhere across the country. In some areas, homes are even selling for less than they were a few years ago.
Right now, interest rates are at record lows, but US new homeowners aren’t opting for mortgages due to the high costs, so they are probably going to have to sell at a good price to make any kind of profit.
Now, there are a number of ways that home buyers can make the most out of their new home purchase. One way is to make sure they are picking the right neighborhoods. The demand for housing is higher in some places than in others.
Places such as San Diego and Phoenix are very popular right now because of all the new job opportunities they are providing. Home buyers are flocking to these areas because they are ideal for finding employment and close to home.
Buyers love to buy homes that are being sold quickly because they are not going to have to worry about the time it takes to sell a home on their own.
Another area that is booming in the US housing market is Las Vegas. A growing number of people are buying homes in Las Vegas because it is a great vacation destination and has many attractions to see.
There are also plenty of jobs in Las Vegas for those who are looking to relocate to the area. The casino industry is one of the largest employers in the city, and many people work in the casino industry in order to make a living.
There are also many other attractions in Las Vegas, including the Fountains, the Bellagio, and the Venetian. These things help to support a strong, real estate market in Las Vegas.