Tuesday, December 8, 2015

Housing Market At A Significant Turning Point........ANOTHER PESKY FACT!

Housing Market At A Significant Turning Point

"Deteriorating housing affordability will drive 2016 housing trends," according to Zillow's 2016 housing-market outlook published earlier this week.

The pace of price appreciation will decline because these markets are reaching a point where low affordability will start to hinder growth because of nonexistent wage growth.

Lingering over the housing market's head is the impact higher interest rates will have 
on affordability.

Typically the real estate market is on a seven-year cycle. We are nearing that seven-year end point since the recession, and the bubble is certainly going to have to either deflate or pop in the near future. 

The market is at a significant turning point.

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