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housing prices (well, to buy) keep going up
Ain't gonna be no 10% any time soon. Average household income isn't rising 10% annually, front-end ratios aren't going to rise by 10% of current levels annually, and interest rates sure-as-shit aren't going to be falling by 10% of the current level, like, ever.
The bump from last year is due to the interest rate drop, period. Does this analyst idiot think that rates are going to stay sub-6 forever? I smell a return to last year's prices when the 30-year jumbo rate hits 7 again.
[Note: This opinion may not be read by anyone attempting to buy my house, or any comparable house in my neighborhood.]
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