Written by Robert H. Ruth
Back in July I wrote a blog post in which I described what I believed were the 5 pillars supporting the United States housing market. I stated that just as pillars provide support and reinforcement to a beam or an arch and hold the supported structure in place, my 5 pillars were providing the structural support for the current housing market. These were the 5 Pillars of the Housing Market at that time:
- Millennial Buyers
- Low Inventory Levels
- Historically Low Mortgage Rates
- Full Employment
- Price Appreciation
Now that we are in the middle of December, I thought it might be interesting to revisit these five pillars and see if they are still intact, weaker or stronger. Here then, is my current
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