The demand for property from overseas Vietnamese folks is on the rise, helped along by revised land, housing and real estate laws. Apartments in Hanoi are reaching record-high selling costs as a outcome of supply and demand differences and low interest rates, which some specialists say is distorting the market. Housing crisis resulted from predatory subprime lending, excessive levels of client debt, unemployment, market deregulation and plummeting home costs. These elements led to a housing market collapse in most parts of the country in which owners, unable to make their month-to-month loan payments, ended up in foreclosure. The finest housing story in 2024 is that inventory is rising — each active inventory and new listings. With mortgage ratesat the current ranges, inventory continues to be under my expectations, but it’s still such a constructive story that I had to discuss it onCNBClast week.
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