The real estate market is back, and is helping to drive our current economic recovery. Is it a sustainable boom, or will it burst? Read this piece to get some idea of what’s happening in the real estate industry.
Timing is important when buying homes and real estate. Its good to keep up to date on current trends, and hopefully help when your make purchasing decisions. Good luck, and consider what this author is pointing out in this piece.
- The increase in real estate prices is outpacing the increase in incomes.
- The increase in home prices may cut into individuals’ ability to utilize discretionary income.
- The burden of home prices in some areas exceeds 56% of some individuals’ incomes.
“The banks are starting to lend money out for real estate purchases.”