It's been a little while since I last posted. I have to say that as of the past few weeks, there has been a noticeable sputter of activity in the real estate market here. While we are nowhere near the mayhem of 2005, there seem to be a a few more buyers coming out of the woods. That's definitely a bit of good news!
The media is reporting that foreclosures in California are up a whooping 327% since 2007...averaging more than 500 a day. Some believe the nation's economy IS in a recession, others say it's headed that way. While we're in an election year, some of the "talk" has to be taken in context. But we also see things in our own world that may lead us to one conclusion or the other. Record high gas prices aren't helping matters!
Many experts do assert that the "loans-gone-wild" theory (of bad loans originated in '04/'05 resetting to higher rates) is merely working it's way through the system and it's not pretty.
Another BIG question many are contemplating is that will these dicey-loans begin to creep into mainstream home loans?
Default Notices mark the start of the foreclosure process. DataQuick reports that of the homeowners in "default", around 32% of those will be able to STOP the foreclosure process by selling, bringing their payments current, or working out some other plan with the lender. A year ago that figure was 52% emerging ok. So less folks are able to stop the foreclosure train before being run over.
While perhaps not the best news, it does provide an bristling opportunity to BUY. As the old saying goes, 'BUY low, SELL high'.
Historically, election years often see an improved economy (even slightly) before November...we'll see?
Subscribe to:
Post Comments (Atom)
1 comment:
Hello !.
You may , perhaps very interested to know how one can collect a huge starting capital .
There is no need to invest much at first. You may begin earning with as small sum of money as 20-100 dollars.
AimTrust is what you thought of all the time
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
It is based in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your choice That`s what you wish in the long run!
I`m happy and lucky, I began to get real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct partner who uses your money in a right way - that`s it!.
I earn US$2,000 per day, and my first deposit was 1 grand only!
It`s easy to start , just click this link http://edozylys.servetown.com/zebicod.html
and go! Let`s take this option together to feel the smell of real money
Post a Comment