Sometimes when people start discussing the improving housing market there are usually comments heard about another "housing bubble" or another dreaded "downturn" on the way similar to what we saw in the not so distant past. The Greenwood real estate market is strong and new construction is increasing. With new industry on the way there will be a definite demand for homes for sale in Greenwood.
Here are 5 points to show that the recovery will last and most likely the sky is not going to fall Chicken Little.
1. Mortgage Availability Is Increasing
2. The Housing Affordability Index which measures whether a person/family etc earns enough to afford the "typical"house indicates home affordability is better today than at any other time between 1990 & 2008.
3. Home prices are well within the historic norms.
4. Demand for housing is growing.
5. New construction is on the rise.
