Industry NewsOpinion

Real estate to enjoy high sales volume

Guest perspective: Slow job growth to keep interest rates, inflation tame
Published on Mar 15, 2004

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by CareyBot

With new-home sales moving to historic highs last year, many ask how long the U.S. housing market will continue its present run. The answer: for quite some time unless mortgage rates or economic conditions change significantly.

Our demand model shows that home-buying activity should increase about 1 percent per year over the remainder of the decade.

Our model simply assumes that:

  • everyone gets 1 year older each year,

  • immigration trends stay constant,

  • home prices rise at the same rate as incomes,

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