A positive outlook for the real estate sector
There is one word to describe the housing market: an optimist. Despite months of hearing about a housing and mortgage bubble growth, the outlook for the property sector is a good thing.
Fears of a bursting housing bubble, in fact, seems to be low among the owners. In a national survey carried out by ING Direct, the largest known individuals or desni growthto the Value property in the past 12 months. The average increase was about 6%, with the owners of New England and the Pacific, with the greatest growth. The values of properties in south-central States remains approximately the same.
Most owners do not seem concerned about the slowdown in housing market housing. Nearly 74% of respondents who own their homes for more detrois years rquesto optimistic about the value ofyour home.
The 30-year fixed mortgage interest rate is at its highest point in four years. However, as was 6 percent, compared relativamentebaja remains at very high rates in late 1980, when mortgage rates have increased by over 10%.
According to Freddie Mac, there are signs of a strong economy, and therefore mortgage rates have increased recently. Consumer confidence is growing and the house is also increasing the saless. This can be attributed to the labor market. Der In May the people know, employment in good health leads to higher consumption.
Consumer perception is everything. With the idea that housing is a good investment, people buy and sell houses. This augurs well for buyers, sales of homes, real estate sellers, mortgage lenders and the closing of all persons involved in real estate.
Fears of a bursting housing bubble, in fact, seems to be low among the owners. In a national survey carried out by ING Direct, the largest known individuals or desni growthto the Value property in the past 12 months. The average increase was about 6%, with the owners of New England and the Pacific, with the greatest growth. The values of properties in south-central States remains approximately the same.
Most owners do not seem concerned about the slowdown in housing market housing. Nearly 74% of respondents who own their homes for more detrois years rquesto optimistic about the value ofyour home.
The 30-year fixed mortgage interest rate is at its highest point in four years. However, as was 6 percent, compared relativamentebaja remains at very high rates in late 1980, when mortgage rates have increased by over 10%.
According to Freddie Mac, there are signs of a strong economy, and therefore mortgage rates have increased recently. Consumer confidence is growing and the house is also increasing the saless. This can be attributed to the labor market. Der In May the people know, employment in good health leads to higher consumption.
Consumer perception is everything. With the idea that housing is a good investment, people buy and sell houses. This augurs well for buyers, sales of homes, real estate sellers, mortgage lenders and the closing of all persons involved in real estate.
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