Healthier Housing

Despite rising rates and recession fears, because of the top-to-bottom redesign of the home mortgage market resulting from Dodd-Frank and other laws and regulations, which have culminated in substantially tighter underwriting standards, it would take a 40% to 45% decline in home prices to cause damage like what occurred during the 2006-2009 Housing Bust. Moreover, back then the average price decline was 28%. This time really is different.