We get asked often, in this market, with rates going up up and up, how long are these home prices going to continue to rise? If you are like them, you maybe concerned that the market is heading for a crash like 15 years ago. We are here to reinforce, as experts have, that the market is nothing like it was during the crash. Odeta Kushi, Deputy Chief Economist at First American offered:
"We do need price appreciation to slow today (it's not sustainable over the long run) but high price growth today is supported by fundamentals- short supply, lower rates & demographic demand. And we are in a much different and safer space: better credit quality, low DTI [Debt-To-Income] and tons of equity. Hence, a crash in prices is very unlikely."
322 Views, 0 Comments