This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
11/08/2005
Is The Housing Boom Finnally Over?
It appears the while the real-estate bubble has not burst; it is starting to show signs that it is leaking. With the Fed continuing to raise interest rates and with the high price of oil, the housing market is starting to slow down. Some of the countries biggest builders have been scaling back and their stocks are starting to take a beating on Wall Street. At this point in my life the housing market is a big interest to me. I will be graduating soon and I'm wondering if I'll be able to afford a house. With the way real estate, especially here in Southern Utah, has been skyrocketing, I am hoping that by the time I am ready to buy that there will be something decent left for me. Does this concern anyone else?
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2 comments:
-1 on Jasmine's post for punctuation errors.
-1 on Maddy's comment for grammatical errors.
-1 on Liz's comment for spelling errors.
Personally, I don't think the housing boom is over at the national level. There is a lot of weak or incomplete analysis on this. I think about it this way: every person with a self storage unit needs a bigger house. I see no sign of let up in self storage.
Certainly the boom is not over in Cedar. The fixed factors that attract people to Cedar - breathing room, scenery, weather, festivals, sunshine, SUU, I-15, proximity to Las Vegas - are just not going away.
-1 on Jasmine's post for spelling errors as well.
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