58% of Homeowners See a Drop in Home Values Coming

Written by Patrick O'Brien on August 17, 2017 at 6:30 am

58% of Homeowners See a Drop in Home Values Coming | Keeping Current Matters

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.

After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.

The two major causes of the housing crash were:

  1. A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms.
  2. Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home.


[Continue Reading...]

Posted in Uncategorized | No Comments »

Sellers: Your Home is an Oasis in an Inventory Desert

By Patrick O'Brien - August 16, 2017

First-time homebuyers are flocking to the real estate market by the thousands ...

No Comments »

Homes Are Selling Quickly Nationwide

By Patrick O'Brien - August 15, 2017

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which ...

No Comments »

Homeowner’s Net Worth Is Still Greater Than a Renter’s

By Patrick O'Brien - August 14, 2017

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in ...

No Comments »