Robert Shiller Predicted the Housing Bubble and Bust of 2008. Here’s His Take on the 2022 Market
Pro Builder
AUGUST 9, 2022
Americans are also less debt-burdened than they were in 2007, when many buyers turned to subprime mortgages to purchase homes. Mortgage debt service payments accounted for 7.2% disposable income in 2007, but that share is down to just 3.8% If that happens, it'd put downward pressure on home prices. Market Data + Trends.
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