This argument goes round and round in circles yet houses are selling and prices are rising. You cant dispute numbers.
I look back at 2009. House prices boomed big time. So did unemployment like it is now. Interest rates at the same time dropped. In my opinion, the boom was overdone, well overdone, the appreciations in value were unsustainable, but everyone was getting on thinking they couldnt lose. Well .... they have.
Interest rates and unemployment levels now are close to parity with 2009. House prices are holding and not booming because the overdone boom of 2009 is still being absorbed across the markets. Those are the facts and why I am out looking to buy while its still a true buyers market.
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