
01/03/2024
As the housing market continues its unprecedented rise, the naysayers predicting a bubble burst have been proven wrong.
Contrary to doomsday prophecies, 2023 saw a 4% nationwide increase in median home-sale prices, with a staggering 47% surge since 2019.
The narrative of a looming pop lacks substance. The surge is primarily attributed to a severe supply shortage rather than speculative frenzy or shady lending practices. Homeowners are financially resilient, mortgage delinquency rates are at a near-record low, and credit scores are stellar.
To debunk the bubble myth, it's crucial to understand that rising prices alone don't constitute a bubble.
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