Description: Tottering Through Life and Parenthood
Tottering Through Life and Parenthood
Just like any commodity real estate prices are also driven by the law of supply and demand . In times of economic crisis, it is usually the commercial spaces that suffer the most due to a decrease in demand. However, demand in residential real estate tends to be more stable even amidst a crisis like the Covid 19 pandemic. Although this is good for the real estate industry, the upward movement in demand and residential real estate price index makes home affordability an issue for those who have yet to buy a
Home affordability is an issue that affects both low-income and middle-income families. Those who have very little in life also have very little hope in owning a house without help from government housing programs or organizations like Habitat for Humanity. As for middle-income earners, affordability issues usually arise in finding a property that fits their needs and lifestyle. There are several factors that dictate the pricing or affordability of real estate. The most basic one is the supply and demand wh