Still, Forbes Magazine said very recently that there is likely no housing bubble and its existence, despite persistent claims, may be exaggerated. This is because the set of circumstances that lead to the mortgage disaster of 2007 has changed, they said. And following the 2007 mortgage meltdown, a host of regulations and restrictions were locked into place. Thus, a bubble that doesn’t exist can’t burst. “We should not see rapid upticks in prices as mortgage rates rise.

Source: Forbes March 31, 2022 20:39 UTC