CoreLogic Report Says No Housing Bubble In Sight

CoreLogic Report Says No Housing Bubble In Sight

In a recent report by CoreLogic, their economists were very confident that the housing market will stay positive and strong. Yes home prices are up over 12% on a national level and inventories of existing home continue to be in very short supply. Increased demand, home builder confidence at a 7 year high, multiple offers still does not mean that housing is heading back to the bubble according to the report. "The fundamentals are there right now, and the market is responding," said the chief economist at CoreLogic Mark Fleming.

The key is home affordability as consumers even in the fastest growing markets continue to see historically low rates. Fleming pointed to still near-record levels of affordability as compared to the years 2000 thru 2004. He stated that for housing price afforability to return to the average levels of those years either home prices would have to rise an additional 47% or interest rates rise to 6.75%. As mortgage rates continue to rise slowly this will also lessen the chances of a housing bubble, but Fleming also believes that demand will stay strong.

"Buyers buy based upon payment, and those payments are still highly affordable relative to their incomes," he said. Historically home prices are not affected by rising interest rates and generally more affected by income and employment and therefore affordability remains strong!

Steve Lester is a REALTOR living in Allen, Texas.
stevelesterhomes@gmail.com
SteveLesterHomes.net

Special thanks to Diana Olick CNBC Real Estate Reporter


Seana Taylor Headshot
Author:
Phone: 940-337-1821
Dated: July 18th 2013
Views: 1,785
About Seana: Seana is a native Texan and has lived all over the Lone Star State. She & her family now call Frisco...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Is A Spec Home Right For Your Family - Buying a home is a stressful,
Mar 25 2017 35110 1 - It's a Seller's Market! Should I
Mar 24 2017 17359 1 - How Low Supply & High Demand
Plano - Plano  Best City for,

Our Bloggers

Comprar Casa DFW * - 1
Gabrielle Armstrong - 5
Cara Balderas - 39
Tami Bennett - 45
Jessica Boozer - 18
Rhonda Borgne - 1
Olivia Borowski - 1
Jennifer Boyd - 2
Deborah Boyd - 390
Jamie Brannagan - 1
Kathryn Brick - 1
Annette Bruen - 20
Moira Brunken - 18
Beverly Bryant - 23
Ana Cantu - 1
Lisa Cardillo - 52
Bob Cardillo - 4
Lucina Cervantes - 11
Gregory Cornett - 2
Angela Cotten - 71
Missie Craig - 12
Greg Cunningham - 2
Belinda Duff - 5
Leah Ecob - 15
Kristine Edens - 3
Jill Elliott - 99
Laneal Ernest - 9
Nicole Espinosa - 27
Christopher Evans - 1
Heather Feragotti - 8
Mark Fischer - 2
Susan Florsch - 12
Jennifer Flynn - 8
Leslie Fogle - 101
Larry Frassinelli - 6
Chad Gabriel - 58
Shalee Garza - 10
Cassie Gillock - 2
Christina Gonzalez - 5
Wilma Goodwin - 2
William Graves - 5
Kristen Henderson - 1
Beth Herr - 1
Hunter Howard - 1
Sandra Hunt - 89
Bill Hurd - 3
Gary Hutchings - 20
Rachel Jama - 47
Trenton Johnson - 15
Felicia Johnson - 78
Jemi Khan - 26
Leigh Klotz - 5
Amber L Johnson - 8
Michele Lafortune - 22
Wanda Lewis - 2
Noreen Lodhi - 9
Stacy Lynn Massar - 27
Jennifer Menting - 17
Mikki Migis - 8
Richard Mikus - 1
Sean Moniri - 21
Naddia Morales - 10
Keith Moses - 9
Mark Mulch - 19
Erick Murphy - 6
Steve Murray - 1
Julie Nicholson - 10
Nikki Okpuzor - 3
Alan Oliver - 7
Kelly Oltmann - 4
Kaysone Orlando - 1
Holli Paddio - 3
JP Piccinini - 50
Julie Ann Pickering - 85
Ann-Marie Pope - 2
John Priestash - 1
Joshua Putman - 111
Mimi Rader - 1
Shelia Randolph - 33
Teneka Ray - 1
Go 2 Girls Realty - 173
Bethany Rowan - 15
Kristi Roy - 1
Kelly Rumney - 9
Amy Jo Saenz - 3
Linda Scardis - 4
Sandy Setliff - 212
Christine Shannon - 29
Rene Sinclair - 27
Shelby Smith - 3
Bryce Smith - 5
Monica Solkhon - 1
Rodrigo Sotomayor - 16
Jenna Stanley - 9
Kelley Stubbs - 3
Melodie Sulgrove - 1
Seana Taylor - 208
Mary Taylor - 14
Kevin Taylor - 15
Julian Taylor - 17
Erica Taylor - 52
Angela Taylor - 1
Karla Terrell - 2
Joey Thomas - 2
Jason Todd - 24
Andrea Trimble - 55
Miguel Umana - 6
Diane Velez - 17
Debbie Viverito - 132
Nick Walton - 75
Spring Weeks - 9
Michael Worley - 160
Keisha York - 30
Debbie Zurita - 17

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6175 Main Street #355 Frisco Texas 75034
Frisco, TX
972-375-9448
4692875503

Other Locations