News About Real Estate Business in New York
Is property investing a wager in the economics of today or does doom n gloom tales are loved by the media? If you read it in a magazine or the newspaper or see it, it seems like the media has decided the housing market is in the preliminary stages of a swoon and that the property bubble has burst. Say a great deal. They appear to back the economists’ opinion, when you look at the numbers. The median home price throughout the nation has dropped only 1.7 percent in the year 2006.
That statistic does not indicate a bust in the housing market. They way land values have been growing over the last decade, that figure is much more of a bump in the road than a disaster that was substantial. Home owners are still in spite of the decrease in home prices this year, they experienced. Based on economists, the housing market of America is currently undergoing a price correction that is needed after five decades of record breaking sales and double digit appreciation. It’s really more of an affirmation of the soundness of the demand and supply economics compared to the catastrophe. These Federal Reserve’s vice chairman.