Highlights:

  • This is the third largest expansion of home prices since 1890.
  • We’re on the largest bull market ever.
  • We’ve had the longest period of near zero interest rates (ever)….they’re still low.
  • According to the National Bureau of Economic Research, we will have set a record for the length of an expansion.
  • “So all those things together suggest to me that a lot of people are thinking that this is getting late in the stages of a boom”
    Has your blood pressure gone up yet? No, Well this will……
    A quote from Noble Prize economist winner Robert Shiller: 
    “Trump signed a bill that put on an increase in the standard deduction, which made it less profitable to itemize your mortgage when you buy a house.So it changes my enthusiasm for owning a house.”

 

 

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