July’s housing market report paints a rosier picture of home prices for sellers. Home Prices rose while supply is heading downward. That could predict higher home prices. Builders sentiment is improving which could add new home supply for 2020. See the stats, charts and expert opinions about the US housing market.
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Most Americans are concerned that the real estate market is going to crash. A recent survey found that 58% agreed that there would be a "housing bubble and price correction" by 2020. As a result, 83% of them believe it’s a good time to sell.
Mayopoulos added: “I think the good news around the reform proposal that the Administration has put forward is that it clearly would preserve the 30-year fixed rate mortgage, which has become a cornerstone of US housing finance. It would promote stability in the marketplace. If it’s executed well, I think it would avoid potential disruption.
· If you are trying to buy a house in Los Angeles, specifically Santa Clarita, Saugus or Valencia – wait a few years until the Los Angeles housing bubble pops and the market comes back down. Even if there were a miracle, the economy magically recovered over the next two years, our national debt disappeared into thin air, the FED didn’t raise interest rates.you could still buy a house.
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· Have Phoenix Home Prices Really Recovered?. in my lifetime and Tom’s example suggests how fragile Phoenix home prices would be if we did see 6% mortgage rates again.. yet I think the Phoenix housing market is fine for the foreseeable future. There will be some leveling off and dips, but overall over the next 10 years we are going UP UP.
Is Utah headed for another housing bubble? Depends on who you ask (photo: kutv) (kutv) utah’s housing market is booming with homes selling in a matter of days with multiple offers at or above.
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While 44 percent of those surveyed think the. underwriting has been more disciplined and regulated, which should provide a more secure foundation for housing during the economic ups and downs." In.
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I don’t think housing will cause a banking crisis again, because the big banks are much less exposed to housing. But I worry that if we have another downturn in the housing market, which might not be so unrealistic, that now it potentially will have a drawn-out, almost hidden, but creeping effect.