Students, parents and investors are optimistic that the real estate boom is back and that the housing market is likely to rebound as demand rises again.
According to data from the Bureau of Labor Statistics (BLS), the number of households that are classified as “housing-related” has been rising over the past two years.
That’s the time since the end of last year, when the number dropped to its lowest level since the housing bubble burst in 2007.
It has now climbed to more than 1.1 million households.BLS data shows that the number is now higher than at any time in at least the past decade.
While the number peaked at more than 2.1million households in December of 2016, the number has since declined to a record low of just under 1.4 million in March.
In an interview with TalkSport, the chief economist at the BLS, Chris Krueger, said that the job market and economic growth have allowed people to get back to normalcy.
“The unemployment rate is down,” Kruegel said.
“The number of people out of work is down.”
He added that “people are starting to feel better about their finances, and the unemployment rate in particular is a lot lower than it was before the housing crash.”
There is a very positive story going on in the labor market, with employment and wages continuing to grow at a healthy pace,” Krulegersaid.”
People are starting their lives and working hard again,” he said.
The BLS also reports that homebuyers are the most likely to start a new home this year, with the median price of a home jumping to $350,000.”
We’re starting to see that in the housing markets in the Midwest and South, we’re starting see that there is demand for housing in the rest of the country,” Krulegersaid, adding that that trend is also likely to continue.”
In the meantime, the government is trying to encourage more Americans to buy their first homes. “
But I would say that demand is very strong.”
In the meantime, the government is trying to encourage more Americans to buy their first homes.
According to the Belsize, the first time that an individual has ever purchased their home in the US was in 2014.
That was just over six years ago.
The Federal Reserve is trying its best to encourage people to buy homes, but Kruegersays the central bank is still working on how to do that.
“Inflation is still very low, which means that we’re still buying housing,” he explained.
“It’s still a pretty challenging environment, but it is a challenging environment for us to address.
We’ve got to figure out how to keep the economy healthy and build up the demand for houses.”
Krueger said that when it comes to housing, the Fed is still focused on encouraging people to purchase houses, but he said the central banker also wants to encourage homeownership.
“You want to make sure that we encourage people who are in the market to make the transition into homeownership,” Kruerger said.
He added, “The Federal government continues to be trying to support people who want to purchase homes and to encourage the government to get in the game.
But it is still early.”