The China economy seems to raise doubts among so many people in the world that it has also affected the stock market industry, and to add to that, the FEDs have already risen the interest hikes. With all these that's happening, during the early 2016, it produced an opposite effect for bonds. It made money pour into the treasury by sending the mortgage rate to its two month low.
In fact the housing market has grown steadily since the last part of 2015, and the housing economy has been growing steadily and the permits to build homes is about to reach its 8 year high.
As the article appears on relator.com, Stuart Hoffman chief economist of the PNC financial Services stated that, "The U.S. economy added more than 200,000 jobs per month on average in 2015, and wage growth is picking up."
There has been a number of about 8.2 million jobs during the last three years and it has helped people gain the confidence and ability to buy their own home.
Although there is some caution to be had since the slowing economy of China might still hurt the rest of the world, amazingly experts are giving their prediction that this post 2016 will help increase more in home construction and sales because of the ability of the United State to provide jobs for their people.
Another reason to build your own home is that the rents lately have been more expensive that it would be more convenient in the long run to buy a house than to keep paying for something that you will never get to own after many years of paying up.
We just hope that the positive effect on the housing market will not deter the buyers since there with the rule of supply demand will also give the ability for mortgage rates and home prices to change.
