Good News For Home Buyers This June
Finally some good news.
It has now been predicted that the inflation on U.S. house price will decrease by 10%, which is half its current rate this year.
According to Reuters, due to a number of issues including nearly zero borrowing costs U.S. house prices have soared by over one-third of it’s actual cost.
Brad Hunter who is the head of consultancy Hunter Housing Economics explained, “The rise in home prices has been staggering, and we do expect a significant slowdown going forward, particularly in the wake of a near-doubling of mortgage rates.”
Sadly however, Hunter explained that young families will still have trouble affording a home due to very high mortgage rates. “Young families are already struggling to find a single-family home they can afford, and the increase in mortgage rates will only worsen this problem,” Hunter explained.
