by: Aimee Hartwig Real Estate
According to Realtor.com This Week in Real Estate the median U.S. home listing price reached its all-time high in March. Purchase mortgage rates have risen faster in the last three months than at any time in the past 28 years. Prices continue to surge and rates are rising, but today’s market differs significantly from the “Great Recession.”
“There was a lot of financial engineering, there was a lot of predatory lending, there was a lot of bad borrowing on people not having a lot of equity, not having as much of a cushion, that led to the housing bubble.”Daryl Fairweather, chief economist at Redfin.