Sheryl Pardo

The latest quote from Sheryl Pardo is: “Traditionally, borrowers could afford the higher payments on the larger mortgage because their incomes were rising. But falling home prices during the financial crisis have eroded this equity, and most homes are worth less than their 2007 peak: Home values nationwide must still increase by 6.5 percent to reach peak values. Real incomes have been flat since the mid-1990s, and credit standards are tight, further limiting trade-up activity.”. It comes from the No, you probably can’t afford that house. Here’s why article. You’ll find on this page 1 article with Sheryl Pardo quoted on topics such as home and income. Sheryl Pardo has been quoted 1 times in 1 article.

Sheryl Pardo quotes

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Traditionally, borrowers could afford the higher payments on the larger mortgage because their incomes were rising. But falling home prices during the financial crisis have eroded this equity, and most homes are worth less than their 2007 peak: Home values nationwide must still increase by 6.5 percent to reach peak values. Real incomes have been flat since the mid-1990s, and credit standards are tight, further limiting trade-up activity.

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