Alana Semuels, of TIME, has made available for download her article “Signs Are Pointing to a Slowdown in the Housing Market—At Last”, published on TIME. The article begins as follows:
Just about everyone agrees that the reason home prices have shot up 34% in the last two years is that there is a lot of demand for housing, but not enough supply.
But the U.S. may be at a crucial juncture, at which a lot of properties are coming onto the market just as demand slows, analysts say. That means prices could level off—and, depending on demographics, even start to decline.
To be sure, prices are still rising. The median existing-home sales price reached an all-time high in April of $391,200, up 14.8% from a year ago, according to data released May 19 by the National Association of Realtors (NAR).
Click here to see the full article: “Signs Are Pointing to a Slowdown in the Housing Market—At Last”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.