{"id":6718,"date":"2019-04-01T00:10:00","date_gmt":"2019-04-01T00:10:00","guid":{"rendered":"https:\/\/movoto.com\/blog\/?p=6718"},"modified":"2019-04-01T00:10:00","modified_gmt":"2019-04-01T00:10:00","slug":"is-now-a-good-time-to-buy-a-house","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/is-now-a-good-time-to-buy-a-house\/","title":{"rendered":"Is Now a Good Time to Buy a House?"},"content":{"rendered":"
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With the dramatic changes that took place in the American housing market in the late 2000s, it should seem obvious that real estate is not a predictable industry. However, there are read-able factors that can help you determine if now is a good time for you to shop for a home.<\/div>\n<\/td>\n
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Understanding the Real Estate Cycle<\/h2>\n
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Most of us will at least vaguely remember the supply-and-demand equation from our economics class, and this is your key to understanding how the cycle works. Job growth, diversity, and quality help fuel the demand for homes, and prices are determined by the ratio of demand to the number of homes available (the supply).<\/div>\n
If you look at the history of the real estate market, you’ll see a pattern that fluctuates between peaks of high prices and ruts of very low prices. Generally speaking, this cycle consists of seven years of falling or low markets followed by seven years of rising markets. While this does not mean the cycle will always follow a seven-year period, it should still work as a guide for reading the market.<\/div>\n
Analyzing the housing market isn’t the only aspect to consider when deciding if now is the right time to buy. You should be aware of multiple factors:<\/div>\n