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Housing Bubble? The Data Says No
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Yes, home price growth is too hot however here are a few main Topics that debunk the notion of a potential Housing "Bubble":
1. No Speculative debt today, unlike 2008 --- People aren't buying homes because they believe home prices will increase double digits each year, they're simply buying a home to live in for a long time".
2. Homeowners have the best financial profile in America's History - Household balance sheets appear to be in better shape and excessive borrowing doesn't appear to be fueling the housing market boom.
3. Post 2010 Lending Standards have been great - When you have a great credit profile, you don't see a surge in credit stress right before a recession
With that said, this current increase in rates is a long term POSITIVE to help cool down the Marketplace.
Let us know if you have any questions!
1. No Speculative debt today, unlike 2008 --- People aren't buying homes because they believe home prices will increase double digits each year, they're simply buying a home to live in for a long time".
2. Homeowners have the best financial profile in America's History - Household balance sheets appear to be in better shape and excessive borrowing doesn't appear to be fueling the housing market boom.
3. Post 2010 Lending Standards have been great - When you have a great credit profile, you don't see a surge in credit stress right before a recession
With that said, this current increase in rates is a long term POSITIVE to help cool down the Marketplace.
Let us know if you have any questions!