State of the US Real Estate Market

San Francisco HomeForbes Magazine, that guru of money, has recently issued a roundup of real estate realities for 2015. Rather than re-invent the wheel, this week I am presenting their insights to you in a deconstructed and simple format. Here we go:

An overview: Real estate has stabilized – yay! After years of roller coaster values, we have arrived at a kind of normalcy. This is good news. Another 10 expectations for the year follow:

1. Slow gains: As investors looking for quick returns have left the market, prices have settled. Forbes reports that prices are back to 2005 levels, and the top 20 cities are about 15-17 percent off the highs in mid-summer 2006. Zillow is predicting a very slim rise of about 2.5 percent in 2015.

2. Affordability Slippage: Though prices may have slowed, wages are even slower. predicts a decrease in affordability between 5 and 10 percent this year. As mortgage rates rise, the gulf between income and cost will widen further.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Del Phillips – See the Full Story at LGBT Weekly

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