If recessions don’t cause housing crashes, what could cause a crash? Here’s a list of the most critical factors that would lead to significant housing declines.Loose lending practices, adjustable-rate mortgages, and “no money down” loans.High housing supply and low demand leads to high months of inventory.Lack of affordability.
If there were going to be a real estate crash in our immediate future, there would need to be a supply and demand imbalance. This means we would need to have a lot more houses in inventory on the market and way too few buyers providing demand. The great thing about real estate is that there are proven metrics that give a leading indicator of home prices over the next six to 12 months.
Here’s how months of inventory have looked over the past year in Jacksonville. This is the number one reason why we just witnessed a 25% home price appreciation last year in the Jacksonville market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 reasons Jacksonville, Florida, is a hot market for real estate investing - Jacksonville Business JournalJacksonville is home to the perfect combination of low home prices, high rental rates and high-property appreciation-making investing so that’s what makes it so appealing.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Jacksonville-area homebuilding retreats after hitting 'unsustainable' pace - Jacksonville Business Journal2022 wasn't quite as busy for builders as 2021 due in large part to interest rate increases.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Jacksonville-area homebuilding retreats after hitting 'unsustainable' pace - Jacksonville Business Journal2022 wasn't quite as busy for builders as 2021 due in large part to interest rate increases.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Here's how average bonuses are trending as 2022 draws to a close - Jacksonville Business JournalBonus season is coming, but there's a catch. Here's how average bonuses are trending in 2022.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Site for Home Again St. Johns approved by county - Jacksonville Business JournalThe organization, which provides services for the homeless and others in need, will have its headquarters on S.R. 16.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Site for Home Again St. Johns approved by county - Jacksonville Business JournalThe organization, which provides services for the homeless and others in need, will have its headquarters on S.R. 16.
Source: JaxBizJournal - 🏆 599. / 51 Read more »