Are You House Hunting? It A Good Time To Start

 
The great American Dream has always revolved around owning a home. Sure, having the 2.3 kids, the cushy corporate job and the stylish car to drive to work everyday are part of the myth, too, but nothing quite summed up Americana quite like the white picket fence. But if recent economic numbers are any clue, this dream is becoming a nightmare for many in the US.

According to date released by the United States Census Bureau, an increasing number of homeowners are spending a larger and larger amount of their incomes on housing than in previous years. People in 49 out of 50 states reported an increase. The only state that didn’t, Alaska, spent the same amount. The report showed that people are spending around 21 percent on their housing needs, up from 19 percent in 1999.

This is a huge problem for first-time buyers who may now be priced out of housing markets all across the country. Home prices from 1999 to 2005 the Economists pointed to rises in home prices, as well as higher interest rates, coupled with stagnant wages over the same period.

While everyone seems to be in agreement that the housing “bubble” Bursted 2005/2006, housing prices are still up, interest rates are at rates at some of their all time lows.

Household incomes, on the other hand, haven’t done a very good job of keeping up. The same Census report showed that income has actually dropped, not risen, over the past years.

Maybe the worst news in the report was the percent of people who allot more than 30% of their income for housing. The numbers are up almost 8%. National guidelines suggest that more than 30% of household income for housing is excessive and not financially healthy.

What does this mean in the long run?

Most scholars believe that the main cause of it may lead to problems like insomnia, diarrhea, headache, agitation, itching, nervousness etc. on line cialis click here for more info This cheap viagra no prescription sexual failure condition affects around 50% of men that belong to the age of 40 or over it. These are physical reason that occur ED in a person, some psychological reasons are sleeping problems, tension, stress, online cialis no prescription anxiety disorder, relationship issues, workload etc. It is a rather big cialis generika 10mg tree which can develop to great heights ranging from 66 feet to 164 feet. Most experts had agree that until income can catch up to housing, the real estate market will remain lifeless.

In 2011 A large amount of money started to come into the real estate market from overseas and Wall Street. And since real estate is one of the biggest drivers to the overall economy, a weak real estate market means a weak economy.

As money came in to buy real estate the economy get a little stronger.

That will give the person that house hunting and really want to buy a home to live in a raise a family come back into the real estate market.

What interest rates at an all time low and oversea, Wall Street money same to be slowing down and banks looking like they want to lend money to home buyers, It maybe time to start your house hunting.

Real Estate has always had its ups and downs but I been buying and selling real estate for myself and my clients, it seeing to always get higher after a slump.

Like and market, buying at the right time is has always been the rule. And this maybe the right time.

Steve Olmos