November 17, 2024 10:38 am
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Home Prices: How high is too high?

overpricedBy Jann Swanson | Mortgage News Daily

How high is too high? When it comes to home prices the wounds left from the Great Recession make this question an important one. Amidst that event, home prices plummeted and didn’t begin to recover until 2011. Recent price growth has been particularly strong and for a while that was welcome news. More recently though, a rapid escalation has led some to worry about the potential for another house price bubble.

Freddie Mac’s current Insights report, published by its Economic & Housing Research Group headed by Chief Economist Sean Becketti, asks how one can tell it is time to worry. While there is no foolproof technique they explain a two-stage method for identifying unsustainably-high house prices.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.