, the housing boom is fed by low interest rates, millennials reaching home-buying age and a demand for more space. Many Americans — especially 30-somethings who remain employed — are ditching their tiny rental apartments in hip districts of expensive cities and moving to buy houses in more affordable cities or the burbs for a life of shopping at Home Depot and spending their Friday nights eating mozzarella sticks at Applebee's.
The boom gets slightly less rosy, though, when you consider why national home prices are surging. It's in large part because there's not a lot of new construction and because existing homeowners don't want to sell."There's a tremendous shortage of homes on the market," says Jeff Tucker, an economist at Zillow."We see about 29% fewer homes that are actively listed compared to this time last year.
This is a conspiracy on the part of the Republicans to sabotage the economies of democrat run states. It’s too coincidental that only democrat run states are having major problems.
TinyHouseNation Bare minimum to have Financial Freedom and Move on choice! Sustainable futures are missing here!
The other America needs to buckle down, get a tracfone instead of a $1000 iphone,give up the netflix, buy a USED car, watch the budget and freakin save the down payment for their own freakin home like we all did on minimum wage and a FHA first home loan, get over it & do it
Horrible
I can’t afford a room in this country. But abroad, I have a 3 bedroom house.
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“We’re seeing a K-shaped recovery.” If my arms are both broken and one not only heals but is in better shape than before while the other has every bone in it gradually fall apart, that’s not a recovery.
Capitalism working as designed
All should be fully aware a large healthy middle class is critical for a democracy to flourish
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Source: CNBC - 🏆 12. / 72 Read more »