Location, Employment: The positive indicators seen in housing markets across the country are not a mirage, but a true recovery, according to RealtyTrac VP Daren Blomquist and a panel of six real estate professionals who spoke during a roundtable discussion Friday.
RealtyTrac ranked 100 markets in terms of recovery and found a smattering of markets from all regions in the top 20.
“We don’t see a change in that,” he added.
While the recovery is widespread, participants in Friday’s roundtable worry the qualified mortgage rule will dampen the recovery. Studies have suggested anywhere from 25 to 43 percent of applicants receiving mortgages today will not qualify for a mortgage under the new rules.
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