Real Estate News
March 23rd, 2006 by jhampton
Sure, we all agree the buying has slowed just a bit, but is the real estate market blooming or gloomy?
If California slid into the sea, would it take the U.S. housing market with it?
After a few years of real estate boom, which spread dramatically higher prices to many (though not all) parts of the U.S., the market has recently seemed to change course. On Thursday, the U.S. Census Bureau reported that housing starts were down 7.9 percent from January to February and had declined 4.8 percent from February 2005, indicating less demand for new construction.
After a few years of real estate boom, which spread dramatically higher prices to many (though not all) parts of the U.S., the market has recently seemed to change course. On Thursday, the U.S. Census Bureau reported that housing starts were down 7.9 percent from January to February and had declined 4.8 percent from February 2005, indicating less demand for new construction.
That came three days after the National Association of Realtors predicted that this year would bring "a more level playing field for buyers and sellers on the heels of a five-year sellers market."
If it will take California falling into the ocean to kill the market, I guess we’re safe investing in real estate. At least I hope we are!
Relevant Tags: buying homes, investing in real estate, profitable home buying, real estate investments, real estate marketPosted on Thursday, March 23rd, 2006 at 4:23 pm In Real Estate Investment