It looks like finally prices in the property market are reaching the bottom end, and although its expected to stay there for a while there are some early indicators that tells us that there is light and the end of the tunnel and we can expect to see a slowly improvement in the real estate market. Supply and demand are starting to show some balance. Rent its now more expensive than buying in most of the USA.
There is a growth in the US population of around 3 million year, so taking that into account its not hard to see than in 10 year there will be the need of a lot more homes.
As the economy improves all those kids that have moved back with they parents will be looking for their own place.
With the creation of new jobs there will be the increase of rents and the housing construction will resume.
No comments:
Post a Comment