The US housing market is doing well

The US housing market is doing well

Seems like the pandemics of 2020 did not affect the desire of future homeowners to have a house. A lot of people during their stay inside of the premise to prevent the virus spread have been thoroughly thinking about attractive low interest rates for house loans in the banks and new houses being built in their neighborhoods – in addition to non-rising prices on the real estate market. Altogether, these factors allow buying a house now, not worrying that a monthly payment will be too high to handle – even in fear of shrinking local and global economies.

Heating up of the housing market is seen in suburbs and fashionable exurbs in the US. The market suddenly got flooded with people desiring to buy a house for the first time, as they fear that prices can go up before they have a chance to become a homeowner. And it can be really a wonderful time to invest today rather than to wait as prices start to inflate. The statistic shows that in the period between 2012 and 2020, housing prices rose 45%, which alone makes such investment interesting financially. So, if after the crisis of 2012, prices rose that much, the same should be expected after the current crisis ends (and wise investors know that the best time to invest is on the minimum).