Economic & Finance Report
The U.S. housing market seems to be cooling off, this hot summer. Housing prices across the U.S. have risen drastically and it has become unattainable for many house buyers. The Federal Reserve has allowed costs and financing to rise, along with rising prices in various sector and industries has made home ownership a further prospect than before.
Mortgage rates have gone up since December 2008. Rates going up, high housing prices and inflation have caused a decline in housing purchases in the United States. The limited supply from the supply chains does not make it any easier and builders are not building more but cutting down on their supplies. It has caused a domino effect across the real estate eco system. -SB
Image Source: The Real Deal
The U.S. housing market has gone cold (yahoo.com)
Manhattan Rentals Now Top $5K A Month……. – ECONOMIC AND FINANCE REPORT