Over this new day and age, the real estate world has change tremendously. whether it’s from the technical advancements which have made leaps and bounds, or the new structure of negotiations, having your pulse on the change in the industry is important. I know that the world of real estate may sound like a language filled with gibberish and seem so confusing that you may choose to bury your head in the sand and either pretend to know the lingo or take the challenge on at all. Over 40 percent of American’s feels that becoming a home owner is overrated and isn’t part of there future plans.
Rising home prices, higher interest rates, and economic uncertainty are making it increasingly difficult for many to achieve the dream of owning a home. With the American dream seeming to be fading away, giving hope to the future that the path towards ownership is still one to be traveled. Hopes continue to soar with possible interest rates cuts on the rise, triggering a needed adrenaline shot to qualified buyers and sellers that a more feasible market will have a better outlook on benefits both ways.
What do you think? Is homeownership still attainable for the average American? Share your thoughts in the comments below.