The housing market has always been unpredictable. If the prices of homes go up one day, you see them at their lowest the next day. This has been pretty much the ebb and flow of the housing market, however, this is not only the case with the U.S. market but a worldwide phenomenon. Ultimately, this price fluctuation and the unpredictability make homeowners and investors worried. More often than not, they are uncertain and question if it is worth investing in the housing market.
This phenomenon was proven yet again via a report by the Reserve Bank of Dallas which was conducted in 2018. “For each market, there are set economic fundamentals the market should benefit,” notes the report. “But if we look at the graph of housing marketing in the U.S., things do not look good. The market is deteriorating from those key fundamentals.” Furthermore, the report anticipates that if this continues for an extended period of time, a housing market crash like the one in 2008 is likely to happen.
Home Owners Across the U.S. are Less Burdened by Debts and Loans
Though the report shows that the stats of the housing market in the U.S. do not look good, there is one thing that does: Homeowners.
The report also shows statics that homeowners are more financially stable than they were ever before. “What was shocking for us during the study was the fact that homeowners are burdened by debts. This got us thinking that despite the ebb and flow of the US housing market graph, homeowners are getting the most out of the market.” Thus, if you are a real estate investor or a homeowner, there is always room for you in the housing market. Despite all the lows and shortcomings, the housing market has always something to offer you. You need to have the right attitude and approach towards it.
So, What is the Future of US House Marketing Then?
Given the contrasting data from the Reserve Bank of Dallas, one may ask: “Where is the Us house marketing headed?” In other words, people are worried about the future of the real estate and homeownership. To figure out, we reach out to popular economist and researcher Enrique Martínez-García.
“The Current US market is – as always – like a duck,” said Enrique. When we asked for an explanation of the unique jargon, he smiled and said: “Look, the housing market is a name of uncertainty. It walks like a duck, and you may never know where it is heading. This is equally true for the US housing market.
Nonetheless, Enrique hinted at one thing that would decide the future of the housing market in the US: Awareness. He said: “I think people need to be educated enough about house marketing. Not in terms of its benefits only but with the risks as well. If people are educated enough about the pluses and minuses of the US housing market, I foresee a better future for the US housing market.”