Opinion: 3 reasons why the housing market isn’t as strong as it seems

By all accounts the Untied States economy is doing well. Unemployment is under 4% while the GDP growth rate was 3.4% in the 3rd quarter.

All is not rosy especially in housing. This sector, which makes up 18% of the economy, is showing 3 major headwings.

1. Student Debts
2. Shortage of housing
3. Interest rates

This trio is having an impact on mortgage applications and home sales.

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