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Home Affordability Is Low But Crash Is Unlikely
Dated: May 17 2022
While home affordability is at one of its lowest levels due to high prices and rising interest rates, homeowners have a significant amount of equity, household balance sheets are strong, there is a lack of supply, lenders have not loosened credit standards, and the employment picture is still very healthy. Please read the below article for a more in-depth look as to why a real estate crash seems unlikely at the moment.
As an Orange Beach homeowner and resident, Lance enjoys living the Gulf Coast lifestyle and is passionate about sharing it with others. He helps his valued clients achieve wealth creation and personal....
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If the US does end up having a housing downturn, this article does a good job of highlighting the reasons why it will be significantly different than the last downturn during the financial crisis.