Three Things to Know About the Housing Bubble
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In the unpredictable world of the housing market comes some tips from Time.com , Three Things to Know About the Housing Bubble, if real estate prices start sliding, how will you protect yourself? Any potential bubble is regional as most experts will say.
Federal Reserve chairman Alan Greenspan has tried to be reassuring. In a speech on Monday to an annual bankers’ convention in California, Greenspan pointed out that despite the “apparent froth” in housing prices, only 5% of borrowers were very highly leveraged.
But what if you’re in that foolish 5% the questions you may have are listed below, go here for your answers.
Q1: I’m one of the 5% of homeowners with way too much mortgage debt. I just couldn’t resist the interest-only loan! Is there anything I can do now to cushion the blow if interest rates spike?
Q2: My mortgage debt looks pretty manageable, but I did take advantage of one of those cash-out refinancing a couple of years ago. Will I be affected if the value of my home falls?
Q3: I played it pretty safe the last few years, but my home is now far and away my most valuable asset. Should I be worried if the bubble bursts?
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