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Housing Markets That Still Rock
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The overall national market in housing for 2007 has only risen 3.2%. Some markets saw little growth at 2%, while other markets rose a large 24% in the past year. Some housing markets still rock and it’s all due to the market demand. If you look at factors like the baby boomers who are moving into certain areas and places where factories are growing and needing more employees, this is where you’ll find the market growing. Areas that rise have strong population growth. Some areas have growth restrictions and limit the amount of new housing in the area. These areas will have little new housing growth, but the resale market is not affected by this. Keep in mind that real estate goes in cycles. Every few years things change. We were once in a sellers market and now find ourselves in a buyers market. Housing markets still rock, you just need to take a look at the economy. If the economy is alright, the housing market will be alright too.
About this poster:
Posted by:
Cheremac
(female, late-30s)
(Posted 12/1/07)
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