Geoff Green, the moderator of the monthly Housing Market webinar, is a real estate expert and entrepreneur. And, he is joined for the May 2022 Housing Market Update by Keren Gonen, Green Team New Jersey Realty; Vikki Garby, Green Team New York Realty; Chad Barris, Family First Funding, and Ken Ford, Warwick Valley Financial Advisors.
If you haven’t seen the May 2022 Housing Market Update yet or would like to watch it again, it’s available below. In addition, the Housing Market News section of the Green Team Realty website includes prior HMU recap blogs.
Furthermore, you can sign up to receive updates at HMupdate.com.
The big question… Are we headed for a Housing Bubble?
Of course, it would be wonderful if the panel was able to provide a simple “Yes” or “No” answer. However, there are too many variables to predict whether or not we are headed toward a Housing Bubble.
At each monthly Housing Market Update, Geoff asks mortgage experts if they are seeing a return to the lending practices that contributed to the 2008 housing market crash. To date, there has been no such return to those lending standards.
Furthermore, Geoff shares stats that may impact the answer to the Housing Bubble question. This includes home price appreciation and performance. Also, foreclosure activity is now at an all-time low.