Source:Rana Foroohar of the Financial Times
The analytics team at Love Your Hood has recorded stagnant growth in the Denver housing market in the past few months — a trend that is apparent across the country. This is especially the case in the United States’ hubs of economic growth. But why, with a roaring economy and unemployment at its lowest level in over 45 years is the real estate sales and construction beginning to slow? The housing market growth over the past few years has been so strong that it is now beginning to outpace most consumers’ ability to afford housing.