Notice a huge increase in the # of homes in this profile. This only points to an increase in market deterioration. We haven't seen anything yet!
Continued increase in SFR shorts......many more ARMs resetting this summer!
Subscribe to:
Post Comments (Atom)
3 comments:
The danger with housing is that theirs much pent up demand in the system since 2007 the housing market has been in decline not just price wise declines have taken place in the movement of inventory on the market. On the other hand household formation has been expanding since 2007 by how much at least 1% a year. Their are few new homes being constructed so the real potential now exsists for another housing boom to occur because of low mortgage rates. The problem is the federal reserve needs to act now to head of another potential housing boom and bust. What many folks forget is that the price of homes in the united states is far lower now than any other industrialized country in the world. I recently was listening to some news story about the housing market in miami its really red hot they were saying foreigners are buying everything in sight in some areas of miami This foreign demand along with domestic demand along with super low interest rates has the real potential to run off the rails if caution is not carefully exercised by the government by buyers and sellers by banks and mortgage companies and realtors. I can hear the chatter once again buy now theirs never been a better time to buy the young couple in their twenties is hearing it from the real estate guy in the office this will be a once in a lifetime opportunity what happened over the last five years was an extraordinary coincidence it will never happen again in are lifetime. So says that seeming bright eyed realtor with the frickes that looks like he's twentyone but is really only twentyeight.
The danger with housing is that theirs much pent up demand in the system since 2007 the housing market has been in decline not just price wise declines have taken place in the movement of inventory on the market. On the other hand household formation has been expanding since 2007 by how much at least 1% a year. Their are few new homes being constructed so the real potential now exsists for another housing boom to occur because of low mortgage rates. The problem is the federal reserve needs to act now to head of another potential housing boom and bust. What many folks forget is that the price of homes in the united states is far lower now than any other industrialized country in the world. I recently was listening to some news story about the housing market in miami its really red hot they were saying foreigners are buying everything in sight in some areas of miami This foreign demand along with domestic demand along with super low interest rates has the real potential to run off the rails if caution is not carefully exercised by the government by buyers and sellers by banks and mortgage companies and realtors. I can hear the chatter once again buy now theirs never been a better time to buy the young couple in their twenties is hearing it from the real estate guy in the office this will be a once in a lifetime opportunity what happened over the last five years was an extraordinary coincidence it will never happen again in are lifetime. So says that seeming bright eyed realtor with the frickes that looks like he's twentyone but is really only twentyeight.
It is truly a great and helpful piece of information.
I am satisfied that you simply shared this useful information with us.
Please stay us informed like this. Thanks for sharing
Diego Homes
Post a Comment