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Housing economists point to five compelling reasons that no crash is imminent. Inventories are still too low: A balanced market typically has a 5- or 6-month supply of housing inventory.
One of the most realistic signs of an impending housing market crash is a significant increase in foreclosure rates, according to Alyssa Huff, a real estate specialist at Sell House.
It’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low interest rates and frenzied bidding wars, mortgage rates increased to their highest ...
Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [ 32 ] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [ 33 ]
Business journalist Kimberly Amadeo reports: "The first signs of decline in residential real estate occurred in 2006. Three years later, commercial real estate started feeling the effects. [36] Denice A. Gierach, a real estate attorney and CPA, wrote: most of the commercial real estate loans were good loans destroyed by a really bad economy.
Housing inventory has been low since the last real estate housing market crash in 2008. This also led to a decrease in new home construction. This combination makes it a much more competitive market.
September 18: The Fed lowers interest rates by half a percent (50 basis points) to 4.75% in an attempt to limit damage to the economy from the housing and credit crises. [73] September 28: Television finance personality Jim Cramer warns Americans on The Today Show, "don't you dare buy a home—you'll lose money," causing a furor among Realtors ...
High mortgage rates, inflation and low supply have made the road to homeownership a difficult one as of late. While home prices seem to be cooling down, some experts are warning that a potential...