The issue to buy right now is conditional upon the market. you know the old adage: location, location, LOCATION. In Ohio, we've never had the big growth so we typically don't experience a big drop. Plus, wealthy people don't really care as much about the economy if the house is $600k+.
The challenge today is supply, both for materials and workers. There is going to be a shortage of new/refurbished homes over the next 18 months. And, right now, it looks like the economy is holding. So with the economy holding and supply being a problem, and recognizing the law of supply and demand, I can see home assets increasing for new/refurbished toward the mid or end of next year.
The U.S. economy added 263,000 jobs in November, more than economists expected.
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