Wall Street Journal Stays Optimistic about the Housing Market

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Wall Street Journal Stays Optimistic about the Housing Market

An article done by Wall Street Journal (WSJ) caught our attention regarding their insights on the housing market. The story was shown on the front page with the title “Housing Recovery Picks Up Steam”.

Wall Street Journal Stays Optimistic about the Housing Market

The best part of the article explained:

Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years is gaining some strength.” (emphasis added).

Many have been wondering how it is possible that the real estate market is doing so well, while the economy overall is facing its own struggles. The Wall Street Journal explains that:

“Despite the unbalanced recovery, Federal Reserve officials have seen housing as a bright spot for the U.S. economy in recent years. Residential construction has contributed to overall economic output for eight straight quarters, expanding at a 17% annual rate in a first quarter marked by slow growth in other sectors.”

Bottom Line

The Wall Street Journal acknowledges that the housing market is going in a positive direction, and that it will continue to do so moving forward.

Does this kind of optimism have you thinking about buying a home? If you are thinking of settling down in the Mountain Island area, please feel free to browse out Mountain Island Homes for Sale to start searching for your perfect paradise!

Curious about what sorts of things are affecting the housing market? Check out How is the Housing Market Affected by the Presidential Election?

Have more questions? Our real estate professionals would love to speak with you! You can reach us at 704.997.3794 or send us a message here!

If you decide you don’t like your home we will sell it for free. *some conditions apply*

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