Carrington's Sharga: We are not creating another housing bubble

The housing market is not in the midst of another bubble with inventory levels expected to rise in the near future, suggested Rick Sharga, executive vice president with Carrington Mortgage Holdings. Sharga made those assertions while speaking at the REOMAC 2013 Summit & Expo in Dallas on Monday as keynote speaker.

via HousingWire

Sharga began by warning the crowd that things could get worse before they get better.

However, with pending sales, existing home sales, new home sales and housing starts up, while delinquent sales continue dropping, the recovery seems very real, he said. But Sharga reminded the crowd "this is not a 2005 market."

Regarding existing home sales, Sharga added that "we're now at the highest point we've been at since 2006, but we're not yet at 2006 numbers." Read more...

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