Predicted for H2: Signs of a Housing Bubble, Non-Agency Lending Growth
Below is an excerpt of Predicted for H2: Signs of a housing bubble, non-agency lending growth that ran in National Mortgage News. Jornaya Head of Consumer Finance Mike Eshelman is quoted in the article. The article is behind a paywall but you can sign up for a free trial.
The biggest 2021 problems for mortgage originators carrying through to the second half of the year are the lack of inventory and the related run-up in home values to record levels.
Both are big concerns for Bruno Pasceri, the president of Incenter, which provides lender services. "I hate to use that word because it's scary, but I think we're approaching bubble status on the appreciation of homes," he said.
The annual price gains alarm him because of their effect on house sales.