2005 Bubble vs. 2022 Potential Correction
(Published on - 5/31/2022 12:51:26 AM)
2005 Too Many Homes ... 2022 Not Enough Homes.
- 2005 Zero Down Loans Freely Available ... 2022 Borrowers must have "Skin in the Game."
- 2005 was dominated by Investors ... 2022 Buyers are Homeowners, or those wanting badly to be homeowners.
- So what is the Worst Case: A Crash. However, there is nothing in the math that supports a crash.
- Best Case: No Effect.
- Most Likely: A short term market shift or correction. Interest rates could go back to 5% as early as this Fall.
Interested in the increased number of listings and lower market demand here in the Valley of the Sun? Watch my 3 minute June Market Re-cap Video Here.
