09.05.2013 - Is the U.S. housing market shortage just a mirage?
Thanks to the near-record-low interest rates, many Americans are ready to jump back into the housing market. Unfortunately, many are running into one obstacleóthere arenít enough homes for sale. Thatís a good sign, though! After all, a leading indicator of economic growth is a healthy housing market, and a lack of housing should mean that builders canít keep up with demand. Part of the reason there is a lack of supply is that many people donít want to sell. Many homeowners lost a lot of equity in 2006 when the housing market collapsed. Today, 21.5% of all residential homes in the U.S. are worth less than their mortgages........................................Full Article: Source
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