aler shows His ignorance...again.
There is still a massive shortage of homes, which is the biggest driver in today’s market. The housing supply- demand curve actually isn’t projected to shift until AFTER the next overall economic recession which is as early as 2021 and as late as 2023.
New home prices are increasing due to rising supplier and labor costs. Mortgage rates are slowly rising and expected to taper off before they get to 6%. As such, the market will
inherently slow down some - not because of a bubble - but due to the lack of affordability, especially in lower price points.
There is no pending crash. There’s too much pent up demand from the last recession and millennials are just now starting home ownership. Plus the mortgage qualifying standards haven’t loosened much since the last crash. That was the big lesson from 2008.
I listen to people like Ivy Zelman, not attention seeking message board trolls.
There is still a massive shortage of homes, which is the biggest driver in today’s market. The housing supply- demand curve actually isn’t projected to shift until AFTER the next overall economic recession which is as early as 2021 and as late as 2023.
New home prices are increasing due to rising supplier and labor costs. Mortgage rates are slowly rising and expected to taper off before they get to 6%. As such, the market will
inherently slow down some - not because of a bubble - but due to the lack of affordability, especially in lower price points.
There is no pending crash. There’s too much pent up demand from the last recession and millennials are just now starting home ownership. Plus the mortgage qualifying standards haven’t loosened much since the last crash. That was the big lesson from 2008.
I listen to people like Ivy Zelman, not attention seeking message board trolls.
