The housing industry has been a subject of controversy in recent months as the media discusses the impact of government programs for home buyers and students. A recent Wall Street Journal editorial piece cited a stat to say home prices are 13% below last year, but this statistic has been proven to be blatantly false.
In reality, home prices remain just fractionally above where they were a year ago. It is important to note that the housing industry was not drasticly impacted by the government programs; the programs did not cause any major disturbances in pricing or cause the stat provided to be valid. While the editorial piece was intended to create a sense of urgency and worry among the public, the reality is that the housing industry is doing well, with prices staying just fractionally above what they were prior to the programs.
Main Points:
• The Wall Street Journal editorial piece cited a stat that home prices are 13% below last year
• This stat has been proven false
• Home prices remain just fractionally above where they were a year ago
• Government programs for home buyers and students did not cause major disturbances in pricing
• The reality is that the housing industry is doing well, with prices staying just fractionally above what they were prior to the programs
You can read this full article at: https://www.housingwire.com/articles/home-sales-dip-but-prices-are-holding-steady-for-now/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
Share This Story, Choose Your Platform!
Related Posts
Disclaimer
The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind.
Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal.
Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances.
While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.