Conclusion

To sum up, everything that has been stated so far, we all got a better understanding of the housing market surrounding, or in the United States in general, about how important it is, about the impact on our lives. Just like John D. Rockefeller has said “The major fortunes in America have been made in land.”; as for centuries lands and estate have a considerable contribution to the American economy overall. With that being said, would we ever take it for granted? How would we feel if we never got a roof over our heads again? If so, we all have reason to be scared as the housing market in 2021 was reported to currently be in a “bubble” as the demand rates are significantly exceeding the supply, especially in large cities like New York, Los Angeles. While finding out a precise and direct answer for the problem can be a rather hard task for the moment, it definitely will have an impact if we are able to spread awareness for people around us about the knowledge and to update them on the current situation.