By Brandon Medina | Rapid City Journal
While home values in some parts of the country may start leveling off in the near future, values in the country’s hottest real estate markets are projected to see large increases in the next year.
Since the housing market crash of 2008 and the ensuing recession, the U.S. economy has not only recovered, but enjoyed steady growth. Beginning in 2012, an improved job market, low interest rates, and low rates of new home construction have meant that demand for homes has outpaced supply, causing home prices across the country to increase. Despite worries of a cool down, the housing market is still going strong.
