 Seattle Skyline, photo credit - Zoe Grover As we always say in Real Estate, NOW is a good time to buy, as long as you are planning to stay in your house for at least five years.
According to Forbes Magazine, housing prices across the country will continue to rise..."Rents and home prices will continue to move ahead at a good clip. There is a shortage of housing in America due to significant underproduction of new homes over the past decade. In normal times, around 15 to 17 million new housing units would be built over a decade to accommodate rising population and to replace obsolete units. In the last 10 years, only 8.8 million new homes were built. This shortage cannot be fixed quickly. That means rents and home prices will easily continue to rise by at least 3%, as has been the case over the past five years (technically, home prices are not part of the Consumer Price Index, as homes also represent a financial investment. What is included is something called a “homeowners’ rent equivalence” that attempts to measure what a homeowner would pay in rent for their home). Read the full articles here: www.forbes.com/sites/lawrenceyun/2018/03/12/five-reasons-for-a-higher-inflation-forecast/#691c62263bbd
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