Think back a little in time and there were essentially NO defaults anywhere. Prices were rising and anyone could refi out of trouble. Times is a different now. We all know that.
While there are defaults in each of those communities you mentioned in CV, there seemed to be 1 or at most 2 in each. Hardly the sign of widespread panic. I’m not claiming it isnt coming but rather that it isnt here yet.
I dont relie on anyone’s research of the market only my own as I havent found any other Realtors with the analytical skills and experience I have (CPA, master degree in Financial Analysis, significant statistical and market research experience etc.) There are so many flaws in the data its not even worth getting into. The only way to really understand what is going on is to follow a micro market very closely and understand how to adjust for the unique differencews between each home/data point. Off my soapbox……
