Real Estate Market to Get Better
Roseville, CA - Based upon a recent report that was released by the Mortgage Bankers Association, things are only going to get better in the real estate market in the future.
Nearly 16 million new households are expected in the U.S. housing market by 2024, which Mortgage Bankers Association economists said should lead to much greater demand for both renter- and owner-occupied housing. MBA Vice President of Research and Economics Lynn Fisher added, "With an average of 1.6 million additional households per year, housing market growth over the next decade could be among the strongest the U.S. has ever seen."
If this is right and holds true for California, then our Sacramento housing market could bring us to the final stages of the recovery and make it complete. This may not show up in the current jobs report, but it does provide some explanation for why the Federal Reserve Board is not raising rates but keeps saying to be prepared for a rate hike. Builders are already talking about a shortage of skilled laborers.
I would love to hear if you agree or have a different opinion of how our housing market is doing and what the future holds, please send me an email to firstname.lastname@example.org.
Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.
Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento