2022 Homebuyers Are Better Protected Than House Hunters During 2008 Bubble
Pro Builder
MAY 16, 2022
Fewer buyers are leaning on risky adjustable-rate mortgages (ARM) than during the Great Recession, and housing debt compared to disposable income has also fallen 30% from levels seen during the bubble and bust over a decade ago. The quality of outstanding mortgage debt is pristine,” the Bank of America team wrote in a Friday note.
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