Current Home Buying Demographics

  

Current Home Buying Demographics

One of the most crucial aspects of selling real estate is having someone www.cooltechnology.net that eventually wants to buy it, but when there is a diminishing number of people able to buy that real estate, it can cause the market to grind to a halt. show that not only are millennials experiencing some of the most potent wage stagnation in history, with placing wage growth at just 0.3% for the ten-year span ending in 2017. With median wage growth in one of the demographics most vital to the survival of the residential real estate market being non-existent, the impact on the housing market can be unpredictable.

Interest Rates

Interest www.e-magazine.xyz rates, which are set by the Fed, are one of the largest quantifiable factors involved in driving the movement of the real estate market. The most basic  can show potential homebuyers the incredible differences between even a single percentage point over the life of the entire loan. Even small changes in interest from one loan to another can make it completely unusable or inapplicable to the borrower.

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