FLUCTUATION IN MARKET PRICE
There is a question in everyone’s mind that why the market price,buyer seller price,property price etc.keeps on fluctuating. Also, here we will be discussing few factors regarding the fluctuation in real estate.
FACTORS EFFECTING REAL ESTATE MARKET
1. DEMAND AND SUPPLY :
This factor completely depends upon the demand of the consumers . In real estate , the market is consumer’s market ! Is it true or false ? There are lot of properties around us and many consumers for those properties also . However if we see , client have so many effecting factors that stops them to buy a new property . Moreover, it also depends on several factors that what are the market conditions, it might be the economy , mortgage rates , employment etc.
2. EMPLOYMENT :
|If we wish to see everyone with there own house, the government should also improve the rate of employment . Also, only a secured and employed person can step ahead to mortgage a home.|
3. CONFIDENCE FACTOR :
Consumers sometime loses their confidence , then only they are cheated . The agents / dealers of real estate market grabs the client by letting them know that possessions have benefits etc. to crack the highest deals .
Once mortgage interest rate area unit are low automatically the monthly expenses or interest rate increases . This problem can be solve out only when the mortgage interest rates will reduce .
According to the tax reform legislation, major elements of the changes include reducing tax rates for businesses and individuals; a personal tax simplification by increasing the deduction and family tax credits. But eliminating personal exemptions and making it less beneficial to itemize deductions; limiting deductions for state and local income taxes (SALT) and property taxes; further limiting the mortgage interest deduction; reducing the alternative minimum tax for individuals and eliminating it for corporations; reducing the number of estates impacted by the estate tax; and repealing the individual mandate of the – risk, in terms of maintaining their worth, as a result of this, considerably will increase the prices of home ownership.
There is a saying, all land is native, which suggests, each native housing, is completely different and variable! Furthermore, avoid basic cognitive process, what happens elsewhere, is directly associated with your specific region.
An intelligent and smart house owner will always consider each and every factor very specifically to avoid hindrances .