Thoughts:

1. If there is anyone left who thinks the bubble will burst and prices will come down substantially, let’s note that it would take a multitude of people with excellent credit scores and what was once a big down payment to give those up.  The vast majority of today’s buyers have outstanding credit – it would take a disaster for them to walk away.
2. Agents used to tout how great their buyer’s credit score was – but today it’s expected.
3. We don’t need alternative financing any more. Those who don’t qualify are left out of the game instead.