New data found in the national home price index this week shows U.S. home prices jumped nearly 20% year-over-year in February. Real estate experts report prices for both houses and rentals are not going to crash anytime soon.
this week shows U.S. home prices jumped nearly 20% year-over-year in February. Real estate experts report prices for both houses and rentals are not going to crash anytime soon.California resident Erin McCarroll and mother of three, said she recently was served an eviction notice.“It’s like, helpless and drowning,” she said.
Green studies housing markets around the world and said he doesn’t see a crash that could spell relief.Real estate broker Juan Huizar said the crisis of sky-high prices is profoundly personal. “There’s simply not enough inventory. So, if one house hits the market, there are 30 qualified buyers to buy it,” he said.“We have one of the biggest cities in the world, and in the vast majority of it, you can only build single-family houses. That is the number one problem,” Green said.
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