Friday Facts: 6 REASONS WHY A HOUSING CRASH ISN’T LIKELY

FRIDAY FACTS
November 20, 2015 

6 REASONS WHY A HOUSING CRASH ISN’T LIKELY
From an article in REALTOR Magazine Daily Real Estate News

 The U.S. is nearing the 10-year anniversary of the 2006-2007 housing bubble. Should Americans be worried that history could repeat itself?

Housing experts say there are many reasons why Americans shouldn’t be concerned about a housing crisis repeat anytime soon, including:

  1. Fixed-rate loans have become more common. 
  2. Old distress is being flushed out through bank repossessions.
  3. Foreclosures have fallen dramatically. 
  4. First-time buyer programs are bringing new buyers into the market. 
  5. The economy is strengthening. 
  6. New-home construction remains dismal. 

 

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