Almaden Valley Homes For Sale | Are Lending Standards Too Loose…or Too Tight?

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Real Estate Agent with Silicon Valley Real Estate Team -Intero Real Estate Services 01319840

Almaden Valley Homes For Sale | Are Lending Standards Too Loose…or Too Tight?

 

We've streamlined and perfected the process of finding dream homes for our clients in Almaden Valley      

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.    

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers.     

Check out the Almaden Valley Real Estate Market Report here!  

We are your neighborhood specialists and we are ready to help you..    

Today I would like to speak to you about  Are Lending Standards Too Loose…or Too Tight?

 

With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit.

In a study done at the University of North Carolina immediately after the crisis, it was revealed that:

“Lenders began originating large numbers of high risk mortgages from around 2004 to 2007, and loans from those vintage years exhibited higher default rates than loans made either before or after.”

A study by John V Duca, John Muellbauer, and Anthony Murphy concluded that those risky mortgages caused the housing crisis:

“Our findings indicate that swings in credit standards played a major, if not the major, role in driving the recent boom and bust in US house prices.”

 

How do today's mortgage standards compare to those from 2004 to 2007?

 

 

READ MORE: https://www.siliconvalleyrealestateteam.com/blog/almaden-valley-homes-sale-are-lending-standards-too-looseor-too-tight/

???Thinking of selling your home? Let Don take over the marketing of your property
www.siliconvalleyrealestateteam.com - Call or text 408-741-9300 for more information.

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Home Buying
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California Santa Clara County San Jose Almaden Valley
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first time home buyers
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Don Orason

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