The US housing market served as a hedge against the financial crisis, which broke out in the summer of 2007 in the United States and quickly spread throughout the world.
More than ten years later, the industry is going through a period of strong recovery and buying a home in the US may prove to be a difficult task, a news release from MarketWatch. And according to the economic intelligence website, there is not only a justification for the low number of houses on the market to meet demand, but a combination of factors. First, the fact that the parents of the so-called millennial generation are owners and do not leave their homes. In addition, anyone who might consider switching their house to a smaller one may think twice, since rising prices do not make up for the change. On the other hand, who during the financial crisis invested in the purchase of real estate for lease does not intend to sell these goods, quite the contrary. Potential buyers will also be able to count on competition from investors. Those who bought home before the crisis also have no incentive to sell due to low interest rates indexed to the loan. The ingredients are assembled for an increasingly heated market.
Read more (in portuguese): There are not enough houses for so much demand