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WOW, it is crazy how divided articles, economists, housing experts, and the media are so split on this TOPIC.  I am seeing people that I know or follow that study data say “it is a buyer’s market”.  I am also seeing articles, news, etc. from smart people saying we are going to have 2008 like CRASH in some markets.  They seem to be talking about a hypothetical future based on guessing because I do NOT see the data supporting a housing crash.

What do you think?

Let’s look at some of the DATA:

Properties on the market:  As of Dec 2022, it was 970K and about 200K + were in escrow

Borrower profile:  The higher the number below the easier it is to get a MORTGAGE, so HIGH is BAD.

ARM products: Many ARM loans were option arms, neg amortization loans and had teaser rates for 1 or 2 years.

Debt to income:

Foreclosures and Short Sales:

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