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an.
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August 2, 2009 at 4:42 PM #441054August 2, 2009 at 4:45 PM #440284
Effective Demand
Participant[quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).
August 2, 2009 at 4:45 PM #440484Participant[quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).
August 2, 2009 at 4:45 PM #440815Participant[quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).
August 2, 2009 at 4:45 PM #440886Participant[quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).
August 2, 2009 at 4:45 PM #441059Participant[quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).
August 2, 2009 at 4:50 PM #440289CA renter
ParticipantNice job, ED. Just like many of us have expected, the govt is setting up the next round of foreclosures — with taxpayers on the hook, AGAIN!
Is it just me, or does anyone else think we will not be getting out of this “housing downturn” for many, many years (decades?) to come? Until the specuvestors are washed out, and we see real, organic demand from well-qualified buyers, the housing market will continue to be weak, IMHO.
Even those supposedly stringent DTI ratios are waaaay too high for this economy. I can’t believe they’d be willing to go over those rather risky 31/43 levels. They are insane. Whatever happened to ~28/33 — and that when people had more secure jobs, a greater likelihood of better pay over time, and pensions, healthcare benefits, etc.
If anything the DTI ratio should be reduced to 15%/18% of gross income, IMHO.
August 2, 2009 at 4:50 PM #440489ParticipantNice job, ED. Just like many of us have expected, the govt is setting up the next round of foreclosures — with taxpayers on the hook, AGAIN!
Is it just me, or does anyone else think we will not be getting out of this “housing downturn” for many, many years (decades?) to come? Until the specuvestors are washed out, and we see real, organic demand from well-qualified buyers, the housing market will continue to be weak, IMHO.
Even those supposedly stringent DTI ratios are waaaay too high for this economy. I can’t believe they’d be willing to go over those rather risky 31/43 levels. They are insane. Whatever happened to ~28/33 — and that when people had more secure jobs, a greater likelihood of better pay over time, and pensions, healthcare benefits, etc.
If anything the DTI ratio should be reduced to 15%/18% of gross income, IMHO.
August 2, 2009 at 4:50 PM #440820ParticipantNice job, ED. Just like many of us have expected, the govt is setting up the next round of foreclosures — with taxpayers on the hook, AGAIN!
Is it just me, or does anyone else think we will not be getting out of this “housing downturn” for many, many years (decades?) to come? Until the specuvestors are washed out, and we see real, organic demand from well-qualified buyers, the housing market will continue to be weak, IMHO.
Even those supposedly stringent DTI ratios are waaaay too high for this economy. I can’t believe they’d be willing to go over those rather risky 31/43 levels. They are insane. Whatever happened to ~28/33 — and that when people had more secure jobs, a greater likelihood of better pay over time, and pensions, healthcare benefits, etc.
If anything the DTI ratio should be reduced to 15%/18% of gross income, IMHO.
August 2, 2009 at 4:50 PM #440891ParticipantNice job, ED. Just like many of us have expected, the govt is setting up the next round of foreclosures — with taxpayers on the hook, AGAIN!
Is it just me, or does anyone else think we will not be getting out of this “housing downturn” for many, many years (decades?) to come? Until the specuvestors are washed out, and we see real, organic demand from well-qualified buyers, the housing market will continue to be weak, IMHO.
Even those supposedly stringent DTI ratios are waaaay too high for this economy. I can’t believe they’d be willing to go over those rather risky 31/43 levels. They are insane. Whatever happened to ~28/33 — and that when people had more secure jobs, a greater likelihood of better pay over time, and pensions, healthcare benefits, etc.
If anything the DTI ratio should be reduced to 15%/18% of gross income, IMHO.
August 2, 2009 at 4:50 PM #441064ParticipantNice job, ED. Just like many of us have expected, the govt is setting up the next round of foreclosures — with taxpayers on the hook, AGAIN!
Is it just me, or does anyone else think we will not be getting out of this “housing downturn” for many, many years (decades?) to come? Until the specuvestors are washed out, and we see real, organic demand from well-qualified buyers, the housing market will continue to be weak, IMHO.
Even those supposedly stringent DTI ratios are waaaay too high for this economy. I can’t believe they’d be willing to go over those rather risky 31/43 levels. They are insane. Whatever happened to ~28/33 — and that when people had more secure jobs, a greater likelihood of better pay over time, and pensions, healthcare benefits, etc.
If anything the DTI ratio should be reduced to 15%/18% of gross income, IMHO.
August 2, 2009 at 4:52 PM #440294Participant[quote=Effective Demand][quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).[/quote]
How, exactly, are these credits defined? Are they literally allowing sellers/lenders to credit buyers for 6%? How long has this been going on, and how is it reflected in the price?
August 2, 2009 at 4:52 PM #440494Participant[quote=Effective Demand][quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).[/quote]
How, exactly, are these credits defined? Are they literally allowing sellers/lenders to credit buyers for 6%? How long has this been going on, and how is it reflected in the price?
August 2, 2009 at 4:52 PM #440825Participant[quote=Effective Demand][quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).[/quote]
How, exactly, are these credits defined? Are they literally allowing sellers/lenders to credit buyers for 6%? How long has this been going on, and how is it reflected in the price?
August 2, 2009 at 4:52 PM #440896Participant[quote=Effective Demand][quote=sdrealtor]Dont know about elsewhere but very few properties I see around SD go to FHA buyers particularly those getting big credits back.[/quote]
So who exactly are you seeing get large credit back?
I am definitely seeing many REOs go to FHA. The credit back isn’t often put in the MLS from what I have seen even though there are fields for it due to laziness. Unless there is just no credit backs happening (which I doubt).[/quote]
How, exactly, are these credits defined? Are they literally allowing sellers/lenders to credit buyers for 6%? How long has this been going on, and how is it reflected in the price?
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