Sun, Nov 22, 2009
|
Housing Market Problems
| | Monday, April 16, 2007 @ 03:09 PM EDT
| Printer Friendly Page
Send this Story to a Friend | Contributed by: chris kemp
chris kemp Properties
Read more archived articles about Economy - Bad
Many people have been saying that there is a bubble in the housing market. If there is I think we are very close to the pop. Primarily due to supply and demand.
2.4 million foreclosure on the horizon =more supply
http://money.cnn.com/galleries/2007/real_estate/0704/gallery.paly_the_subprime_blame_game/index.html
This may cause the ball to just start rolling, with many borrower with over 80% financing, they may be stuck due to depreciation in there house, and be forced to foreclose or stay. = more supply
new home builders still building= more supply
lenders going out of business and guideline changes for getting a loan has change so significantly, 10-25% of those that could buy, now cant= less demand
http://money.cnn.com/2007/04/05/real_estate/rates.moneymag/index.htm?postversion=2007040516
Interest rates should move
up soon. They have been the lowest they ever have been for four years, Greenspan has received some blame for making them too low, a new president means new economic policy. Higher rates less people can afford= less demand
http://www.freddiemac.com/pmms/pmms30.htm
Even if rates do not go up, profit margins will be increased by lenders, due to buy backs and correcting themselves from the recent loan free for all = less demand.
http://biz.yahoo.com/ap/070409/american_home_mortgage_out_of_the_gate.html?.v=2
www.lenderimplode.com
These factors add up to a possible scary scenario. Hope this does not mean anything. Must See graph http://www.speculativebubble.com/images/homevalues1.gif
-Loan Officer/ Realator in Sacramento CA.
Note: -Loan Officer/ REALTOR in Sacramento CA.
Word Cloud: change officer/ http://money.cnn.com/galleries/2007/real_estate/0704/gallery.paly_the_subprime_blame_game/index.html href='http://www.speculativebubble.com/images/homevalues1.gif' policy. ' style='font-size:10px;color:#333'>html='http://money.cnn.com/galleries/2007/real_estate/0704/gallery.paly_the_subprime_blame_game/index.html'> http://biz.yahoo.com/ap/070409/american_home_mortgage_out_of_the_gate.html?.v=2' style='font-size:10px;color:#333'>target='_blank'>http://biz.yahoo.com/ap/070409/american_home_mortgage_out_of_the_gate.html?.v=2 cause />
new mean start />
even href='http://www.freddiemac.com/pmms/pmms30.htm' housing pop. lowest means there />
2.4 themselves just received =more guideline saying loan http://money.cnn.com/2007/04/05/real_estate/rates.moneymag/index.htm?postversion=2007040516' style='font-size:10px;color:#333'>target='_blank'>http://money.cnn.com/2007/04/05/real_estate/rates.moneymag/index.htm?postversion=2007040516 still going those depreciation very increased does could been builders margins free years, market cant= this profit recent horizon correcting afford= buy, demand. some borrower supply significantly, they anything. graph changes realator href='http://biz.yahoo.com/ap/070409/american_home_mortgage_out_of_the_gate.html?.v=2' rolling, low, people lenders, should move greenspan president scary primarily factors />
this business financing, />
-loan close />
interest http://www.freddiemac.com/pmms/pmms30.htm' style='font-size:10px;color:#333'>target='_blank'>http://www.freddiemac.com/pmms/pmms30.htm less making economic with them 10-25% higher www.lenderimplode.com' style='font-size:10px;color:#333'>target='_blank'>www.lenderimplode.com many more stuck have market. />
lenders scenario. blame ever possible million backs building= rates href='http://www.lenderimplode.com' think bubble getting demand foreclosure stay. sacramento hope http://www.speculativebubble.com/images/homevalues1.gif' style='font-size:10px;color:#333'>target='_blank'>http://www.speculativebubble.com/images/homevalues1.gif problems foreclose forced ball four href='http://money.cnn.com/2007/04/05/real_estate/rates.moneymag/index.htm?postversion=2007040516' house, must home />
these soon. over will
|
|
| |
|
|
|
|
Logged In members can moderate all comments.
|
|