San Elijo Home

[SD Realtor]

The banks have already been able to cope with dribbling out defaults. The question is not whether there are still more foreclosures to come. We already know that there are alot of foreclosures and short sales still in the pipe, more then likely a few more years worth.

It should be painfully apparent that distress will not crash the market as the powers that be have a come up with a strategy to deal with that issue. Relying on that to bring your pricing down is a poor strategy.

[briansd1]

[quote=SD Realtor]The banks have already been able to cope with dribbling out defaults. The question is not whether there are still more foreclosures to come. We already know that there are alot of foreclosures and short sales still in the pipe, more then likely a few more years worth.

It should be painfully apparent that distress will not crash the market as the powers that be have a come up with a strategy to deal with that issue. Relying on that to bring your pricing down is a poor strategy.[/quote]

Some have argued that government intervention is bound to run out of gas and fail eventually.

But I agree that the bailout efforts have worked in stabilizing the markets.

I believe that as the foreclosures continue, prices may not increase but selection will. For example if you’re eying certain houses that sold at $900k, in a market where prices are now $500k, there’s a good chance that the houses you’re eying will become available for purchase.

If mortgage rates go up to 6% and above, what will they do house prices? Time will tell.

Some believe that the level of US debt will eventually cause much higher interest rates.

[briansd1]

[quote=SD Realtor]The banks have already been able to cope with dribbling out defaults. The question is not whether there are still more foreclosures to come. We already know that there are alot of foreclosures and short sales still in the pipe, more then likely a few more years worth.

It should be painfully apparent that distress will not crash the market as the powers that be have a come up with a strategy to deal with that issue. Relying on that to bring your pricing down is a poor strategy.[/quote]

Some have argued that government intervention is bound to run out of gas and fail eventually.

But I agree that the bailout efforts have worked in stabilizing the markets.

I believe that as the foreclosures continue, prices may not increase but selection will. For example if you’re eying certain houses that sold at $900k, in a market where prices are now $500k, there’s a good chance that the houses you’re eying will become available for purchase.

If mortgage rates go up to 6% and above, what will they do house prices? Time will tell.

Some believe that the level of US debt will eventually cause much higher interest rates.

[briansd1]

[quote=SD Realtor]The banks have already been able to cope with dribbling out defaults. The question is not whether there are still more foreclosures to come. We already know that there are alot of foreclosures and short sales still in the pipe, more then likely a few more years worth.

It should be painfully apparent that distress will not crash the market as the powers that be have a come up with a strategy to deal with that issue. Relying on that to bring your pricing down is a poor strategy.[/quote]

Some have argued that government intervention is bound to run out of gas and fail eventually.

But I agree that the bailout efforts have worked in stabilizing the markets.

I believe that as the foreclosures continue, prices may not increase but selection will. For example if you’re eying certain houses that sold at $900k, in a market where prices are now $500k, there’s a good chance that the houses you’re eying will become available for purchase.

If mortgage rates go up to 6% and above, what will they do house prices? Time will tell.

Some believe that the level of US debt will eventually cause much higher interest rates.

[briansd1]

[quote=SD Realtor]The banks have already been able to cope with dribbling out defaults. The question is not whether there are still more foreclosures to come. We already know that there are alot of foreclosures and short sales still in the pipe, more then likely a few more years worth.

It should be painfully apparent that distress will not crash the market as the powers that be have a come up with a strategy to deal with that issue. Relying on that to bring your pricing down is a poor strategy.[/quote]

Some have argued that government intervention is bound to run out of gas and fail eventually.

But I agree that the bailout efforts have worked in stabilizing the markets.

I believe that as the foreclosures continue, prices may not increase but selection will. For example if you’re eying certain houses that sold at $900k, in a market where prices are now $500k, there’s a good chance that the houses you’re eying will become available for purchase.

If mortgage rates go up to 6% and above, what will they do house prices? Time will tell.

Some believe that the level of US debt will eventually cause much higher interest rates.

[briansd1]

[quote=SD Realtor]The banks have already been able to cope with dribbling out defaults. The question is not whether there are still more foreclosures to come. We already know that there are alot of foreclosures and short sales still in the pipe, more then likely a few more years worth.

It should be painfully apparent that distress will not crash the market as the powers that be have a come up with a strategy to deal with that issue. Relying on that to bring your pricing down is a poor strategy.[/quote]

Some have argued that government intervention is bound to run out of gas and fail eventually.

But I agree that the bailout efforts have worked in stabilizing the markets.

I believe that as the foreclosures continue, prices may not increase but selection will. For example if you’re eying certain houses that sold at $900k, in a market where prices are now $500k, there’s a good chance that the houses you’re eying will become available for purchase.

If mortgage rates go up to 6% and above, what will they do house prices? Time will tell.

Some believe that the level of US debt will eventually cause much higher interest rates.

[Author]

Posts