Housing Crash Coming Soon? MORTGAGE MELTDOWN?

Real Estate Coaching Radio · May 14, 2021 · 32m

Everyone is wondering if this is a boom that will end in a bust. Is this huge run up in prices going to result in a massive adjustment?

It's a logical question considering home prices are up 17.2% year over year, comparing March 2020 to March 2021 (NAR). That's historically even higher than the boom that preceded the housing crisis that started in 2008.

Morgan Stanley:

Home prices, as measured by the S&P Case-Shiller Index, rose 12.2% over the past year, with prices surging across all 20 of the metropolitan areas tracked by the Index. That amounts to an increase of $35,000 in the median…