Selling a house: 30 days, Buying a house: 90 days
Because of a shortage of supply, it takes longer to find a house with the features you want at the price you want than it does to sell a house. In a recent report from the National Association of Home Builders, in 9 out of 10 markets they follow they found that home prices were rising faster than income growth and inflation.
For most people, their home is their most significant asset. Despite the turmoil on Wall Street for most people home prices have recovered from the Great Recession and should be making home owners more confident about their future.
Typically this is good news for the home furnishing business, particularly rugs.