Homes for Sale in Westlake Village
Housing Market Not Out of the Woods
Now is a good time to invest in buying a home in Westlake Village, CA. Interest rates and home prices are low because of the short sale and foreclosure market.
Historically, residential real estate has accounted for roughly 5% of U.S. gross domestic product. Since the recession, that has halved, with residential investment now accounting for just 2.3% of the broader economy.For it to get back to the 5% level, the recovery will probably have to continue for at least three to four years. We are cautiously optimistic on the recovery of the housing market, because it’s still very in its infancy.
If you are looking to purchase a home in Westlake Village & or in the Thousand Oaks area, please search on the MLS in the area you are interested in by clicking on the search options link below.
Source: Home Mortgage Rates and Real Estate News CNNMoney.com