Are we in a housing price bubble? …Many buyers are sitting on the sidelines waiting for home prices to fall. In fact, there is little inventory available for sale on the market, historically speaking. Home buyers hoping for a price drop are betting against the basic economic principle of supply and demand. This situation is self-perpetuating, as the home owner who would like to move, sees nothing in his or her price range that would motivate them to sell, as move up buyers, thus making no inventory open for the first time buyer to purchase a home as a result. As of this writing, Virginia enjoys a 2.7% as compared the national rate of 3.7%. According to Lisa Sturdivant, Chief Economist for the Virginia Association of REALTORS, as a result of low unemployment, but also low housing inventory, home prices are NOT likely to fall, but rather remain stable with slight increases in the near future. The take-away: With historically low interest rates, stable employment, and less inventory, home buyers who find what they are seeking would do well to buy now, as prices continue to increase.
You have now completed the process of getting your brand new home for yourself and your family, its time to decorate! Furniture is an investment, the best now will in the long run save you more money. No one can argue that shopping in a physical store for furniture is pretty satisfying — you get to sit on lots of sofas, try beds to the core of your soul, and curl up into a bunch of different chairs to help you find the right one for you. But the internet certainly has the beat of the brick-and-mortar shopping experience in terms of variety. Artemest is a luxury furniture store that has all your needs in furniture from contemporary to modern. Click here to check out!
