Home starts in the U.S. fell for the first time in four months in May as interest rates rose, suggesting the worst housing recession in 16 years will persist.
Builders broke ground on new houses at an annual rate of 1.474 million, down 2.1 percent from the prior month, the Commerce Department said today in Washington. Building permits increased 3 percent to 1.501 million.
The slump, which has lasted almost two years, is restraining economic growth even as inflation is too high for the comfort of Federal Reserve officials. Meanwhile, the average rate on a 30-year fixed mortgage has jumped to the highest in more than a year, putting pressure on first-time buyers and raising the prospect of additional defaults.
The real estate industry is as hot as it has ever been. Not only are more and more people buying homes, but the amount of investors is also on the rise. When it comes down to it, real estate is becoming quite popular among people from one side of the world to the next.
If you want to get involved in the real estate industry there are two ways to do it. Some people like to incorporate both options into their lifestyle..
There are many benefits that go along with buying a home. Some people think that they are better off without this, but when it comes down to it they are usually wrong.
The process of selling your home can be a very exciting one. Not only do you have the chance of making a lot of money on the deal, but you will also be looking forward to your new life in your new home.
If you are like most people, you will not be able to purchase your next new home with cash. Unfortunately, this is not the status quo when buying real estate.
If you have ever thought about getting into the real estate industry you are not alone. Over the past five years thousands of people have decided to make money by investing in real estate.
