Collins: Will this market offer homebuyers an opportunity ...

“As the stock market continues to get beat up, investors will look to housing as a safe bet as compared to the negative returns they are getting in stocks as housing locally and nationally continues to rise,” Dave Campagna of Fairway Mortgage says. “Lending is loosening a little on jumbo loans as lenders are allowing more people to go from a 43% debt-to-income ratio to up to 45%, so they are losing the standards of what income is needed to qualify,” Campagna says. While there are no guarantees in life, there is a very high probability that our local housing market will continue to experience high levels of price appreciation.

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