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Home prices post biggest jump in seven years

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Mortgage Professional America | 31 Jul 2013, 04:03 AM Agree 0
Home prices have seen their biggest increase since 2006, raising questions about affordability
  • Michael DeMoya | | 31 Jul 2013, 12:02 PM Agree 0
    This will force mortgage lenders to let go the tens of thousands of foreclosure they are holding back to create a lack of inventory forceing prices to increase. They forgot to factor in that in today's market we have real buyers that cannot fudge their income to purchase a home for $50,000 or a $100,000 more than they could really afford as in the past. The market will hit the ceiling soon, then eventually bankers will need to start to let them go... then a new market will emerge.
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