Foreclosure Claiming Lives of Mortgages!
I hate to post on bad terms, but the recent economic growth is having an adverse effect on housing demand. But don’t fret, there are optimistic benefits; you’ll see.
“The U.S. economy is definitely growing after a disappointing start to the year, but it’s a double-edged sword for housing demand.
On the one hand, lackluster economic growth has limited job and income growth, which are both required for healthy demand for new and existing homes.
On the other hand, consistently improving economic conditions will undoubtedly bring the end of the historically-low mortgage rates that have benefited buyers for the last five years.”
It all sounds threatening, but this article from Jonathan Smoke, realtor.com’s chief economist, will set your hearts at ease, and explain the benefits to be grateful for. Check it out:
ECONOMIC GROWTH: IS IT FOR THE BEST?
About the author
Century 21 Riverpointe is an award-winning real estate agency serving the Downriver area of Southeast Michigan.
