Over the last 8 years since the housing market collapse our society has struggled to get back to what we once felt was a goal for many in life, being a homeowner, and although for some this may still be a reality the harsh truth is that for a big segment of the population it is not. Today’s demand for homes in the US is at the all time high, but the supply on the other hand has not been able to match the demand and for good reasons. In 2008 we suffered what was one of the worst economic melts downs in US history, in which many were left jobless and homeless due to what many called the “Real Estate bubble bursting” as an astronomical amount of foreclosures amongst U.S. homeowners led to this 2008 disaster, which we are still recovering from. Only recently has the demand been so high, people looking for homes have outweighed the amount of home available, largely in part due to the stringent restrictions now placed on home buyers. Although mortgage rates are extremely low, banks are being very selective to whom they give out mortgages to, as they try to avoid another collapse by playing it safe. Only those depositing down twenty percept, and with a good credit history are qualified enough to get approved nowadays. In addition, if having with those prerequisites being in place wasn’t enough, the instability of today’s economy also affects sales, especially in new homes, and many who are qualified are hesitant to purchase. Those factors in place what happens when the demand is
