Posted To: Pipeline Press

On one hand we have the old adage, “No tree grows to the moon.” On the other hand, MLOs and real estate agents are licking their chops given that 52 percent of young adults live with their parents . What does that tell you about the demand for housing and loans in the coming years? And it isn’t as if this is new. I went to some previous information I wrote. “Here in September 2018, per the Case-Shiller home price index, housing values eclipsed their 2006 pre-crisis peak in January of this year and since then have only pushed higher. And as the Federal Reserve pushes rates higher, that will drag on home affordability, depressing demand. Affordability has been hurt by rising mortgage rates and higher home prices, now dipping towards levels not seen since 2008, and well…(read more)

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Source: Mortgage News Daily