Housing Market Revealed 2006 Is The Party Over For Real Estate?
The international housing market has been red hot since 2000. The original catalyst for the rise in real estate prices was twofold. Firstly, due to the low interest rate environment, the housing market benefited from a pent up demand from renters who, realizing that mortgage payments could be as low as rent, decided to purchase their first homes. Secondly, after the equity bubble burst, the price gains in the housing market made many people believe that home ownership was a safe form of investment.
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Posted on Tuesday, April 18th, 2006. Filed under: Real Estate Misc, Real Estate Investing
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