After this coming 2008 reset, since we are entering a credit/housing bust-driven recession…
could those scheduled 2011 resets also end up in forclosure before that? If we continue to lose inflated payscale jobs… If this market begins to recover around 2009 —how many more ARM forclosures will be dumped into the market…
Last night the local Boston TV news did a somewhat balanced short piece on the glut of inventory “out there” in Boston metro — staying on the market for extended time…but a “great time to buy” if you don’t have a house to sell..and even better by this Spring, if you are a “qualified” buyer.
The above inferences combined with the baby boomers retiring over the next decade (as has been noted by astute observers) would seem to indicate a drop in either demand or ability to buy.
