6 Reasons Why a Housing Crash Isn’t Likely

Daily Real Estate News | Thursday, November 19, 2015

Housing experts say there are many reasons why Americans shouldn’t be concerned about a housing crisis repeat anytime soon, including:

1. Fixed-rate loans have become more common. Many Americans have refinanced to a fixed-rate mortgage so when interest rates begin to rise – which is largely predicted to happen next month – there will not be as much shock with short-term Adjustable Rate Mortgages compared to the 2008-2009 era.

Home building confidence hits 10 year high!

Washington, D.C. – Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

This month’s reading is a return to HMI levels seen at the end of the housing boom in late 2005.