Housing Market in the USA

Housing Market in the USA The article by Alex Kowalski “Sales of New Homes in U.S. Climb 1.5% to 417,000 Rate” discusses the current situation in the housing market in the USA and its relationship to the economy of the country in general. Overall, the article evokes optimistic thoughts, which are very refreshing after reading a lot of sources describing the negative aspects of today’s economy. At the same time, there is a sense of caution and uncertainty that prevents one from fully embracing this joyful viewpoint. A number of economic experts, governmental representatives, and leaders of the construction industry agree on the remarkable growth of sales in the housing industry that might signal the recovery of the economy as a whole. The low mortgage levels are especially welcomed by the average citizens. Two factors are interesting in this situation. The first is the fact that the demand for houses was uneven across the US, with an increase in Northeast and South and decline in the West and Midwest. The sales demonstrate that there are still some questions regarding the sustainability of the growth and the extent to which the whole economy will be affected. Moreover, there is a great chance that people will be more cautions in buying houses because of the negative past experiences with mortgages and sudden economic crises. The second interesting fact is that American recovery is very uncharacteristic comparing to the other parts of the world. European Union continues to struggle with the economic crisis, and Chinese economy develops slowly. Unfortunately, the article does not give any possible reason for that; but these facts could be used to the advantage of American companies. The article covers the recent increase in the sales of houses and gives rich data on the issue. It is quite objective, so the readers have to analyze the information and draw conclusions for themselves. Based on the data provided, one can see that there are grounds for optimism but it would only be wise to be critical of such sudden and short success. Oliver Pearson is a talented writer at https://essaysprofessors.com/movie-critique-writing- service.html He likes to create new thoughts and depict them on paper.