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Mortgage Broker News | 23 Apr 2015, 08:00 AM Agree 0
With dizzying growth in home prices and sales, analysts are addressing broker concerns about a possible crash in key real estate markets.
  • JSydneyH | 23 Apr 2015, 02:08 PM Agree 0
    The canary in this coal mine is job security.

    If the number of jobs contracts suddenly, then house prices will begin to slide gradually at first but then speed up as the full impact of recent mortgage changes kick in. The rules took a long time to tighten, and I expect them to take that long to loosen in response to a slide.

    On the other hand if job prospects suddenly look extremely strong, then we should see a large number of property become available for sale which will bring house prices down. Again it will take a long time for that to occur, but prices will gradually decline.

    Like Mr. Soper said "I just don't see it in the cards."
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