As I’ve been telling everyone, it will take a majority economic reverse to cause the this housing market to collapse. An event like Russia invading Ukraine and causing a worldwide oil shortage leading to high inflation, high interest rates, followed by major layoffs, especially in the tech sector, resulting in reduced demand for housing and lower prices.
Unfortunately, none of that happened, instead all we have today is
April’s Fools Day. Have a great day.
To get another opinion check out
From DS News
In the Trulia’s latest quarterly Bubble Watch report, Jed Kolko estimates national home prices are still around 5 percent undervalued when examining long-term fundamentals like historical prices, incomes, and rents. While ongoing improvements in prices have brought the market close to a tipping point, he notes that it’s far cry from the 39 percent overvaluation in the first quarter of 2006.»READ MORE
- Sunil Sethi
To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".
Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory
Love Us on Yelp!
Like Us on Facebook