Saturday, August 8, 2015

Housing Bubble: How Much Will Your Home Price Fall? "Combined, “vacation” and “investment” properties made up 40% of all US home sales in 2014, a speculative frenzy only seen one time before…in 2006." Mark Hanson update.

"The new-era of occupancy fraud began at the cross highlighted in yellow.
Vacation vs Investment Sales NAR 2001-14
Bottom line: The multi-year “surge” in “second/vacation” home purchases is largely driven by individual buyers and their agents/lenders chasing the rush of “investment” property speculators — who made headlines daily for years – committing fraud to get their slice of the “investment” property miracle. Just like from 2005 to 2007."

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