As the U.S. housing market continues to soar, even the cheapest houses are now in demand. The Wall Street Journal said many of these houses are in “historically stagnant neighborhoods that have suffered from a lack of investment.” As a result, some see signs that neighborhood revitalization is “spreading from more established neighborhoods to those previously lacking signs of economic life.”
Housing Wire said “volume-hungry mortgage lenders” are making it easier for home buyers to borrow, noting that in recent months, several depository banks have loosened, or plan to loosen, underwriting requirements to “capture the rise in purchase business.” It further commented that the South is poised to see $1 trillion in home sales this year. One reason for this projection is that home buyers “have a better sense of what the future looks like,” according to a spokesman for Redfin, a discount real estate brokerage.
Such expressions of optimism and the willingness of investors and lenders to take greater risks are manifestations of positively trending social mood, and they occasionally are less indicative of “a better sense” and more so of “no sense at all.”
To learn more about social mood’s influence on social attitudes in the past, read “The Wave Principle Delineates Phases of Social Caution and Ebullience.”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.