It’s a Mad, Mad, Mad, Mad Housing World
National Mortgage Professional, Aug. 25, 2015–Hall, Phil
Latest data reports points to a housing world that appears to be going in multiple directions at the same time: Home prices are climbing, but people need to be earning more and more money to afford homes. Furthermore, housing values are declining, yet mortgage bankers are making handsome profits. And it appears that the nation’s healthiest housing markets are primarily concentrated in two states, while Michigan, Ohio and the Northeast have the least healthy housing markets.
