Key economic indicators have burst a hole in the hype surrounding a looming housing bubble. Let’s look at the facts.
Housing demand remains high
Fact, people want to own homes in Northern Virginia. It’s close to high paying jobs, national landmarks and urban epicenters. Also true - inventory is limited and home buyers may have a tough time finding the one. Despite an earnest interest in home ownership, the location, income, family size and other factors may not align in 2019.
Tighter lending guidelines
Loose lending requirements were overthrown by lean guidelines after the disastrous recession in the late 2000’s. Today, buyers must put their cards on the table to prove they’re truly worthy of home ownership.
Moderate pacing of inflation at 2.5%
The Fed’s got it figured out. The Federal Reserve is doing exactly what it’s supposed to - balancing key economic factors in order to prevent financial crises.
Strong economic performance
We’re doing alright - the U.S. of A., that is. Historically low unemployment - at less than four percent - overall wage growth and high consumer confidence are positive indicators for a promising future.
The LizLuke Team provides comprehensive transaction management - we handle matters that matter and the small stuff, too. Connect with us today to chat about your real estate journey. Learn more and contact us at lizluke.com.
