Real Estate Slowdown Continues

CNNMoney has been tracking the growth of new residential builds and July has continued the trend of a slowdown. Building permits have also dropped more than expected which is a precursor to new builds. According to CNNMoney, typically these slow downs are due to changes within the economy such as a rise in interest rates or a downturn in employment but they cite the reason for this slowdown is the glut of new and existing homes on the marke that aren’t moving.
If you are still trying to move or thinking of selling your home, try out this cost of living calculator to determine how far your dollar will go in your new community.