Header Ads Widget

" Real Estate will continue to see growth, amid a strong economy"

This article comes from https://www.realestatedaily.com/ that interviews the National Association of Realtors chief Economist. He basically is saying the demand is high for home buyers and they need to build a lot of homes.

"Yun also forecast around six million new and existing home sales by the end of this year, and slightly more in the next couple of years. The economist also believes home prices will continue to grow at a modest rate, around 4.7 percent in 2018, 3.1 percent in 2019 and 2.7 percent in 2020."

He also mentions that the mortgage paper is very high quality and doesn't see any bubble in sight. The main reason is the new lending specs that really check a persons finances and makes sure they can afford to pay the mortgage. 

That is what happened when the bubble busted in 2008. There where a lot of bad mortgages and loaning to people who could not afford the mortgage payments. 

"There are no signs of a housing bubble at least, Yun added. He said that even though home prices have been outpacing income for several years now, the overall economy in the U.S. is still fundamentally sound, that mortgage quality is high, and that due to the persisting inventory shortages in many markets, there is no danger of the overbuilding that preceded the Great Recession."

What they do not mention in the paragraph is that people are making more money today and are spending money again. I remember in 2009 when I would walk through a mall there was hardly anyone carrying bags. That where not buying anything. Today the malls have people with a lot of bags and people are shopping and getting their needs and wants accomplished. 

What is that telling us as home buyers, and investors? The real estate market should remain strong for the near future. The key know is still getting great deals on homes.......

That is all I do I'm Brett and I have purchased 100's of homes for my clients under market and in great areas. The video below shows some we purchased in 2018 and how much our clients saved. 

Call me @ 216-703-5740 Icon Agent at EXP Realty Ohio 

Check out our unique Real Estate Services and Advantages

We respect your email privacy
Email Marketing by AWeber

Post a Comment