Real Estate Trends
Home prices have risen nationally three times faster than incomes since the turn of the century.
In many large cities, home prices have outpaced income. Even with a downturn in the real estate market looming on the horizon, home sales are still headed for another record year.
The first sector to show slowing is the high-end home market because of “overpersonalized” decor.
Low-interest rates are the only continuing positive trend of the housing market. Low rates average now less than 6 percent for 30-year fixed-rate loans, the lowest since the 1960s.