CTR,
Regarding your comment:
“the remaining buyers the last 7 years (fha and va) have really low rate 30 yr fixed fully amortizing mortgages, meaning they are paying down big chunks of loan principle every month creating forced equity”
*****How does a low rate mean that “big chunks”
of principal are being paid ??
***************
Never get complacent with ANY market of any product.
The housing ‘market’ isn’t a normal market as it is one of the most manipulated, but this doesn’t mean that it isn’t subject to corrections.
