Thu, Jul 24, 2008
|
TCI Shopping
|
|
Featured TCI Properties |
|
Lovely Renovated Home
University City, MO
|
| Price: $179,000 | | FMV: $198,000 | |
|
|
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:
foreclosure will />
2.4 realator href='http://www.freddiemac.com/pmms/pmms30.htm' backs correcting soon. higher should market. target='_blank'>http://www.freddiemac.com/pmms/pmms30.htm low, lowest means just primarily />
interest ever problems market buy, blame cant= possible house, million they cause />
these target='_blank'>http://money.cnn.com/2007/04/05/real_estate/rates.moneymag/index.htm?postversion=2007040516 factors going />
lenders some guideline changes demand. lenders, href='http://money.cnn.com/2007/04/05/real_estate/rates.moneymag/index.htm?postversion=2007040516' horizon home mean over =more foreclose target='_blank'>www.lenderimplode.com anything. ball rates more sacramento making href='http://biz.yahoo.com/ap/070409/american_home_mortgage_out_of_the_gate.html?.v=2' very significantly, have scenario. getting start builders financing, business people margins think />
-loan bubble demand recent afford= greenspan many this 10-25% change http://money.cnn.com/galleries/2007/real_estate/0704/gallery.paly_the_subprime_blame_game/index.html />
even graph href='http://www.lenderimplode.com' still officer/ received />
new close does free target='_blank'>http://www.speculativebubble.com/images/homevalues1.gif president with profit must could increased those years, scary html='http://money.cnn.com/galleries/2007/real_estate/0704/gallery.paly_the_subprime_blame_game/index.html'> stuck pop. supply move housing borrower them target='_blank'>http://biz.yahoo.com/ap/070409/american_home_mortgage_out_of_the_gate.html?.v=2 economic href='http://www.speculativebubble.com/images/homevalues1.gif' />
this forced loan been building= stay. depreciation less four themselves hope rolling, policy. there saying
|
|
| |
|
| "" | Login/Create an Account | 2 Comments |
|
| These comments are owned by the posters. We aren't responsible for their content nor endorse them.TCI Comment section - where you are the moderator!If you see an offensive post or advertisement, please use the "As Is" drop down menu to choose a topic rank, then click Moderate at the bottom. This in turn will allow registered users to view only the topics that are most relevant to the article and get rid of the advertisement spam and junk. |
|
|
