6 Reasons the Housing Market Isn’t About to Crash
Here s what real estate experts say.
Originally published by Jeff Ostrowski on Bankrate.com.
The U.S. housing market is on fire. Double-digit appreciation is the rule. Giddy sellers are sifting through multiple offers. Frantic buyers are forced to pay more than asking prices sometimes by $100,000 or more.
The real estate party is in full swing. The National Association of Realtors said last week that prices of existing homes soared a record 17 percent from March 2020 to March 2021 a pace that eclipsed even the eye-popping appreciation of the last boom.
The last time the U.S. housing market looked this frothy was back in 2005 to 2007. Then home values crashed, with disastrous consequences. When the real estate bubble burst, the global economy plunged into the deepest recession since the Great Depression.
Another Southeast Michigan mortgage company intends to go public amid a housing market boom.
Ann Arbor-based Home Point Capital Inc. on Friday filed a registration statement with the U.S. Securities and Exchange Commission to make an initial public offer on the Nasdaq stock market under the ticker HMPT. The number of shares of common stock to be offered, their price range and when the offering will happen has not yet been determined, according to a news release.
Founded in 2015, Home Point is mostly a wholesale mortgage originator. It works with a network of 5,500 middlemen mortgage brokers nationwide that work with homeowners and buyers to find the best mortgages for them.
Ann Arbor-based Home Point mortgage company files to go public
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Ann Arbor-based Home Point could be the third SE Michigan mortgage lender to head to the public markets in six months
Metro Detroit could soon have its third public mortgage origination firm.
Ann Arbor-based Home Point Capital Inc., the parent company of Homepoint Financial, on Friday afternoon filed an S-1 document with the U.S. Securities and Exchange Commission to have an initial public offering.
The company said in the filing that it seeks to raise $100 million in the IPO should it choose to go forward with it, which it cautioned is subject to market conditions.
/PRNewswire/ Homepoint, one of the nation s leading mortgage originators and servicers, today announced it selected the Appian (NASDAQ: APPN) Low-Code.