Housing Market Bottoming Out? Renting Market Accelerating
Are we really poised for a recovery in the housing market? The latest encouraging words from the U.S. Conference Board’s Demand Institute Division are that we are heading for a rapidly accelerating rental market which will lead to a housing recovery.
While the American dream of homeownership is still an unending quest, the size of home that people are buying will be smaller and many will rent for a good while before they can afford that dream home.
According to the report, there are indications from industry data that the market is “bottoming out” but the great shift in real estate is the push toward the rental market which is helping fuel the recovery.
Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out if you are better off renting, potential mortgages, closing costs, and more!