Reasons There Won’t Be a Housing Market Crash
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Like any commodity, such as oil, house buyers bid up prices because of a lack of available products.
Stockpiles Have Dropped to Historic Lows
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Builders can no longer buy land and rapidly secure regulatory permissions to satisfy demand
Builders Are Unable to Meet Demand Quickly Enough
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Mortgage rates have climbed somewhat since hitting all-time lows in January, but not by much.
Near-Historic Low Mortgage Rates Are Still In Place
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Lenders today have very stringent requirements for borrowers, and most people who acquire mortgages have good to excellent credit.
The Criteria For Lending Remain Stringent
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According to a Discover Home Loans poll, 79% of homeowners prefer to modify their current residences rather than move.
Fewer People Are Selling
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There are quite a few people interested. Experts say this is likely because millennials are entering the peak years to buy a property
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Why a Housing Market Crash is Unlikely....
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