Broad overview of the market...
Demand Up
Inventory Down
Interest Rates Very Low
Tax Credit Extended and Expanded
Unemployment DECREASING?!
http://news.yahoo.com/s/ap/20091204/ap_on_bi_ge/us_obama_economy
Doesn't look like a forecast for another 30% to me...
"a 10% increase in EXISTING HOME SALES means nothing good for the housing market. A whole lot of renters became home owners/debtors leaving record rental vacancies."
Okay.. so by your logic.. an increase in existing home sales is bad. So is a decrease in existing homes good for the market?
I always assumed you guys were the ones on the OC Register blogs complaining about the biased opinions.
I just read on there that I will no longer be able to eat meals with meat and milk because they soon will be luxury items...
"They are complicite in the reduction of wealth and government intervention in the private market we’re seeing now yet claim no part or purpose in it whatsoever. It’s galling and unforgivable." - Aren't you a Lender?
I'm not saying I disagree but it's not an issue of Realtors, rather society...
I know a person can live in a house without paying a mortgage for easily 6-9 months claiming a short sale. After that, they claim to be attempting a loan modification which probably can get them another 6 months. If the loan modification does not work, they stay quiet right up until their sale...
They're releasing them at the quickest speed that they can. They are not holding on to them and setting a date to "open up the flood gates." Maybe they're expanding their loss mitigation department to process them faster, but no one is voluntarily holding onto property. Either way, at least we...