Experts Say Housing Market is Finally Turning Around
Well….we just may be hearing the news that many of us have been waiting for: the national housing market looks like it is beginning to recover.
Industry analysts contend that increased demand for investment properties will likely lead the charge which will, in turn, help clear inventory and ultimately bring down the national surplus of properties for sale. That, coupled with pent up and increased demand to participate in the market (statistics show that over 80% of people polled say that they think real estate is still a solid investment), will probably also help fuel the recovery. Moreover, interest rates still remain at historically low levels and prices are still overwhelmingly very affordable.
Other trends that have been forecasted indicate that the average size of the American home will shrink and that the market recovery will not be uniform across the country.
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