The amount of time that the housing market has continued to grow is leaving many people unable to purchase or stay in their homes. The price of homes finally caught a break last month when the market went down a measurable amount for the first time since 2013. This proves to be a step in the right direction, but not enough to give first-time home buyers a chance to buy their dream homes. The lack of a sizable fluctuation has created pockets of homes that are extreme at both ends of the price point spectrum.
- After the housing bubble prices are staying flat and have not been increasing.
- The housing market is not a good investment at the moment.
- The housing market could possibly only go up since hitting lows for over the past four years in growth rates.
"A lengthy period of rapid house price growth has made it increasingly difficult for many to purchase a home as income growth has failed to keep up, which appears to have curbed housing demand."