Home Prices Increase 17.2%—Is the Housing Market in a Bubble?
Pro Builder
APRIL 26, 2021
Debt as a percentage of personal income has dropped to 85.3% The ratio of total required mortgage service payments to total disposable income has plummeted to 3.97 Sure, inventory levels can change quickly, as we saw between 2005 and 2007, and no doubt sellers will test the market later this year as the pandemic eases.
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