For those of you who are more skeptical about the housing recovery, see the attached piece from Fannie Mae. Money quote:
“Home price measures have been sending mixed signals recently. We continue to see more moderate declines in home prices this year; however, the shadow inventory of homes, homes that are not yet on the market but will likely come on the market at some point, continues to pose risks. In the minutes from the March Federal Open Market Committee (FOMC) meeting, committee members expressed concerns that the foreclosure rate could remain elevated or even move higher in coming quarters. Consequently, this could potentially add supply to the already large inventory of vacant homes, posing downside risks to home prices.”
That is great info. and I concur. I hate to be bearish, but it makes sense given so many of the negative factors hanging over real estate, especially in California.
That is great info. and I concur. I hate to be bearish, but it makes sense given so many of the negative factors hanging over real estate, especially in California.
That is great info. and I concur. I hate to be bearish, but it makes sense given so many of the negative factors hanging over real estate, especially in California.
That is great info. and I concur. I hate to be bearish, but it makes sense given so many of the negative factors hanging over real estate, especially in California.
That is great info. and I concur. I hate to be bearish, but it makes sense given so many of the negative factors hanging over real estate, especially in California.
If I ever close escrow that will be the signal for all the banks to flush all the inventory at once. Money flows to some people. I am not one of those people.
It is hard to be excited about closing when
1: I’m taking on debt which even if it is productive is not a reason to celebrate.
2: I see potential for my whole downpayment equity to vanish depending on how the mortgage delinquent problem is fixed or not fixed.
When I close I’ll post a thread warning everyone to hold off on buying.
If I ever close escrow that will be the signal for all the banks to flush all the inventory at once. Money flows to some people. I am not one of those people.
It is hard to be excited about closing when
1: I’m taking on debt which even if it is productive is not a reason to celebrate.
2: I see potential for my whole downpayment equity to vanish depending on how the mortgage delinquent problem is fixed or not fixed.
When I close I’ll post a thread warning everyone to hold off on buying.
If I ever close escrow that will be the signal for all the banks to flush all the inventory at once. Money flows to some people. I am not one of those people.
It is hard to be excited about closing when
1: I’m taking on debt which even if it is productive is not a reason to celebrate.
2: I see potential for my whole downpayment equity to vanish depending on how the mortgage delinquent problem is fixed or not fixed.
When I close I’ll post a thread warning everyone to hold off on buying.
If I ever close escrow that will be the signal for all the banks to flush all the inventory at once. Money flows to some people. I am not one of those people.
It is hard to be excited about closing when
1: I’m taking on debt which even if it is productive is not a reason to celebrate.
2: I see potential for my whole downpayment equity to vanish depending on how the mortgage delinquent problem is fixed or not fixed.
When I close I’ll post a thread warning everyone to hold off on buying.
