Worried that another Boston real estate crash is right around the corner due to the cornonavirus? The best way to predict a crash is to look for these 10 warning signs:
- Warnings from real estate officials and economist
- Increase of unregulated mortgages
- Rapidly rising unemployment rates
- Rapidly rising interest rates
- Fewer affordable homes
- Inverted yield curve
- Change to the federal tax code
- Return to risky derivatives
- Greater number of house flippers
- Asset bubble bursts
For the purpose of the Boston real estate market, the first five are the most important. If all 10 occur in a rapid fashion, then a crash is more likely.
More to come shortly
