The Housing Market Is Doing Just Fine

Dated: 12/10/2016

Views: 497

The Housing Market is Doing Just Fine | Simplifying The MarketThere are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the numbers show that the U.S. residential real estate market is doing just fine.



Here are two articles and excerpts that make this point:


The Housing Market Is Finally Starting to Look Healthy – The NY Times


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.”



Why the U.S. Housing Market Is Good and Getting Even Better – The Street


“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 those worried that all this positive talk resembles what was being said in 2004 and 2005. Jonathan Smoke, Chief Economist at realtor.com, explains the difference very simply but effectively:


“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)

Blog author image

Julie Baldino - Owner-Managing Broker

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

Want to Advertise on this Site?

Latest Blog Posts

Dont Forget The

... Packing Tips For An Easier Move To Your New HomeMoving is already chaos... Now imagine that you and your crew are unloading the moving truck when nature calls. If you are anything like me,

Read More

3 Reasons To Ask Your Realtor For A Lender Referral

3 Reasons To Ask Your Realtor For A Lender ReferralYou are one in a million if you have enough cash to buy a home! For most people getting pre-approved for a home loan is one of the first steps in

Read More

The True Cost Of Not Owning A Home

There are a lot of reasons why owning is better than renting, here are a few reasons comparing the cost of not owning a home:1- The Price is so CloseRenters are facing increases everyday. With

Read More

Three Tips For Making An Offer

1- Determine a Price RangeThis should happen right before you start the homebuying process. If you don’t know how much you can afford, you will be shopping in the dark with a blank check

Read More