Refinances continue to take the largest share of applications
These concerns outrank marriage and children
It seems that no finance news comes without its own caveat. While the 2013 housing market outlook has become remarkably positive, especially in light of sharply climbing real estate values, some reports suggest market trends are mimicking those that preceded the housing bubble. Granting that these pronouncements may well be premature, what are the potential warning signs that growth may be accelerating too rapidly?
Detroit is a city that's famous for a variety of reasons; including their notoriously low housing market values. The recent recession and the fall of the auto industry have dragged housing values down even further.