Friday, July 1, 2022
  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us
No Result
View All Result
WORLDHAB
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media
No Result
View All Result
WORLDHAB
No Result
View All Result

Home » News » Can the Crypto Revolution Boost the Housing Market?

Can the Crypto Revolution Boost the Housing Market?

May 21, 2018
in Crypto, News
15
0

The housing market in the US is a key indicator as to the health of the US economy. A buoyant housing market shows a strong economy, whilst a moribund housing market is a sure sign that the economy is not in a good way.

Currently, the housing market in the world’s strongest economy isn’t looking so great. Recent figures have been disappointing, to say the least. Only last week, figures from the Commerce Department revealed that builders broke ground on fewer apartment buildings in April, with overall home construction down 3.7 percent from March. Housing starts fell to a seasonally adjusted annual rate of 1.29 million last month, lowest since December 2017.

US Housing Sector numbers have been lower across the board this year, down 7% in April and with no indication that the market will pick up, especially with the very real threat of interest rate rates later in the year. Despite business booming in the general home service repair industry, the housing market in the US, has yet to really fully recover from the 2008 financial crisis. However, that could be about to change as the blockchain and crypto revolution is slowly but surely creeping into the housing market.

Crypto investment

Ivan Pacheco made history in December 2017 when Bitcoin was it its peak (circa $20k). Ivan directly traded 17.741 bitcoins for a Miami condo becoming the first known person to buy a property directly with a cryptocurrency.

Buying and selling homes in crypto is still a long way from being typical, but we are seeing more and more property transactions in digital coins in the crypto news sites. Normally crypto holders would exchange their coins for cash before making a purchase. Crypto volatility does not make it a stable method of purchase. A price could be agreed but by the time the funds are transferred, the value could be significantly higher or lower. Even if both the buyer and seller agreed a sale in crypto, the volatility makes it very difficult for both parties.

So, although all crypto purchases look to be for just the wealthy at the moment, what is interesting is the effect blockchain technology could have on the house buying and selling process. Blockchain technology could, in theory, cut out the real estate agent and thus cut out their fees from the equation. When you consider that in the US, the realtor’s fees could be anything up to 6%, you get an idea of the potential savings that could be made and the boost it could give to a housing market that is stagnant at best.

Coins like Deedcoin are creeping into play too. Deedcoin token holders working with Deedcoin-approved agents can use the tokens to substitute cash portions of an agent’s fee. Deedcoin is providing consumers with a unique network of agents and using blockchain tokens to manage network access.

Although there is a long way to go before the crypto world revolutionizes the real estate world, slowly but surely we are seeing more collaboration and more opportunities develop that, over time, could invigorate a complicated and slightly needy housing market situation.

Share6Tweet4SendShare1Pin1Share
Previous Post

CHSE Odisha +2 Science Result 2018 Declared, 76.98% Pass

Next Post

TBSE Result 2018: Tripura 12th Science Results 2018 DECLARED at tripuraresults.nic.in

Hari

Hari

Hari Prasath has been a full-time Internet Entrepreneur and Life Hacker since 2014. He is a self-taught web developer and Marketing expert building many Online Businesses and testing greatest strategies with Clients during the day and at night, build Niche websites.

Related Posts

increase ecommerce conversion rate

Simple Ways To Improve Ecommerce Conversion Rates

June 29, 2022
oil and gas supply chain

In Simple Words on How the Oil and Gas Supply Chain Works

June 2, 2022
crypto investments

Getting to Know Crypto Investments

May 31, 2022
best digital bank for ecom business

How the Right Digital Bank Solution Can Help Your ECommerce Business

May 30, 2022
gold silver trading

Explore Gold and Silver Trading as CFDs

May 23, 2022
best crypto to buy now

The Best Crypto Coin To Buy Now

May 20, 2022
cryptocurrency

Entering the World of Cryptocurrencies and Mining Helium Gateways

May 14, 2022
post card for real estate

Why Real Estate Postcards are Still Effective in a Digital World (and How to Use Them)

May 5, 2022
Next Post
Tripura 12th Science Results 2018

TBSE Result 2018: Tripura 12th Science Results 2018 DECLARED at tripuraresults.nic.in

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

FOLLOW US

Follow our social media pages and get updates quicker than ever.

Facebook Twitter Youtube Instagram

RECENT POSTS

best talents of ipl

The 10 Best Talents of the IPL in 2022

June 30, 2022
increase ecommerce conversion rate

Simple Ways To Improve Ecommerce Conversion Rates

June 29, 2022
1xbet.com

The Services cricket team

June 25, 2022
fairplay club

Review of the mobile betting and casino app Fairplay Club

June 22, 2022
best products for dental practice

Best Products For Your Dental Practice

June 21, 2022

TRENDS

  • DOWNLOAD BEAST MOVIE
  • DOWNLOAD KGF 2 MOVIE

ABOUT

Founded in 2016, WORLDHAB delivers news from the various niches around the world for the targeted audience. For any advertising queries, contact us anytime.

We got approved in Google news and Bing news in earlier 2016. And since then, we help small businesses to grow their business by improving their website authority.

POPULAR CATEGORIES

  • Business
  • Finance
  • Insurance
  • Bitcoin
  • Entertainment
  • Sports
  • Football
  • Cricket
  • Lifestyle
  • Health
  • Travel
  • Romance
  • Technology
  • Education

FOLLOW

Facebook Twitter Youtube Instagram Pinterest LinkedIn Vimeo

WORLDHAB STATS

  • Monthly Traffic: 50,000+
  • Site Age: 5 Years
  • Google News Approved
  • Bing News Approved
  • Alexa Rank: 912,985
  • Domain Rating: 22
  • URL Rating: 24
  • Domain Authority: 33
  • Page Authority: 38

CONTACT

For Guest posts, Sponsored posts, Advertising enquiries, contact: support@worldhab.com

  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us

© 2020 WORLDHAB - Premium WordPress theme by VISION.

No Result
View All Result
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media

© 2020 WORLDHAB - Premium WordPress theme by VISION.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.