Question

All > Miscellaneous

horizonrealtors: 11 months ago

What is the major reason behind Real Estate Sector booming like anything?

Answer This Question

Report as

Answer 1

FarmerGirlMaryJo: 11 months ago

I think that the economy is finally taking a minor upturn, and since people on the whole are optimistic creatures, they're looking to replace what they may have lost in the worse times which are now hopefully behind us. Others are actually downsizing homes in an attempt to relieve themselves of huge debt loads from albatrosses of houses that they thought they "needed".

Helpful (1) Fun Thanks for voting Comments (0)

Report as

Add a comment...

Answer 2

codyc1974: 11 months ago via iPhone

I don't really understand the question, but if the market is booming somewhere... That's not everywhere. Even if it is growing, the same sub prime loans are being used. Be prepared for another housing crash. It's just a matter of time.

Helpful (1) Fun Thanks for voting Comments (1)

Report as

horizonrealtors: 11 months ago

Hi cody. The projects that are being developed are very costly and they are being purchased too.

Report as

Add a comment...

Answer 3

glawson3073: 11 months ago

Poor management and investing by banks, allowing people to buy over priced houses without enough income, and of course real estate agents pushing up the prices to get a better commision.Also a housing shortage can be a factor by which governments refuse to release extra land for the higher demand of property.

Helpful (1) Fun Thanks for voting Comments (0)

Report as

Add a comment...

Answer 4

rahulranbhare: 11 months ago

Do you mean "Why real estate sector is booming nothing like anything?"

Helpful (1) Fun Thanks for voting Comments (1)

Report as

horizonrealtors: 11 months ago

No Rahul, I meant that new real estate projects are being developed daily and there are buyers in the market who are purchasing at such a high cost

Report as

Add a comment...