Shadow Inventory

[sdrealtor]

While I dont disagree with most of his general points there is so much confirmation bias and so many holes in the logic of that article it makes me dizzy:)~

[SD Transplant]

This type of headline makes it all better (or more logical).

Got $2,500? Buy a house

http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/got-2500-dollars-buy-a-house.aspx

Rock-bottom interest rates and an $8,000 tax credit make a home possible for many first-time buyers — with no trick mortgages or financial gymnastics required.

MSN Money
A triple play like this one probably won’t happen again in your lifetime:

Money’s cheaper than dirt.

Home prices have been knocked back to 2003 levels.

The federal government wants to pay you up to $8,000 for buying a house.

With that tax incentive, average credit and less than $2,500 in savings, it’s possible to buy a $150,000 starter home for about $1,000 a month, taxes and insurance included.

“It may be the best time to buy a home that we’ve seen in this generation — for everybody but particularly for first-time homebuyers,” says Brad Blackwell, a national sales manager for Wells Fargo Home Mortgage. The flood of homes for sale is hard on sellers, but it gives buyers an unusually wide selection, he points out.

It’s a memorable moment for responsible buyers who’ve been waiting to own a home. While the new tax credit is just the kicker some buyers have needed, historically low interest rates take some risk out of buying now. Waiting for lower prices might be a false economy if you lose a great rate. The monthly payments on a $200,000 mortgage at 5% and a $180,000 loan at 6% are about the same.

[SD Transplant]

This type of headline makes it all better (or more logical).

Got $2,500? Buy a house

http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/got-2500-dollars-buy-a-house.aspx

Rock-bottom interest rates and an $8,000 tax credit make a home possible for many first-time buyers — with no trick mortgages or financial gymnastics required.

MSN Money
A triple play like this one probably won’t happen again in your lifetime:

Money’s cheaper than dirt.

Home prices have been knocked back to 2003 levels.

The federal government wants to pay you up to $8,000 for buying a house.

With that tax incentive, average credit and less than $2,500 in savings, it’s possible to buy a $150,000 starter home for about $1,000 a month, taxes and insurance included.

“It may be the best time to buy a home that we’ve seen in this generation — for everybody but particularly for first-time homebuyers,” says Brad Blackwell, a national sales manager for Wells Fargo Home Mortgage. The flood of homes for sale is hard on sellers, but it gives buyers an unusually wide selection, he points out.

It’s a memorable moment for responsible buyers who’ve been waiting to own a home. While the new tax credit is just the kicker some buyers have needed, historically low interest rates take some risk out of buying now. Waiting for lower prices might be a false economy if you lose a great rate. The monthly payments on a $200,000 mortgage at 5% and a $180,000 loan at 6% are about the same.

[SD Transplant]

This type of headline makes it all better (or more logical).

Got $2,500? Buy a house

http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/got-2500-dollars-buy-a-house.aspx

Rock-bottom interest rates and an $8,000 tax credit make a home possible for many first-time buyers — with no trick mortgages or financial gymnastics required.

MSN Money
A triple play like this one probably won’t happen again in your lifetime:

Money’s cheaper than dirt.

Home prices have been knocked back to 2003 levels.

The federal government wants to pay you up to $8,000 for buying a house.

With that tax incentive, average credit and less than $2,500 in savings, it’s possible to buy a $150,000 starter home for about $1,000 a month, taxes and insurance included.

“It may be the best time to buy a home that we’ve seen in this generation — for everybody but particularly for first-time homebuyers,” says Brad Blackwell, a national sales manager for Wells Fargo Home Mortgage. The flood of homes for sale is hard on sellers, but it gives buyers an unusually wide selection, he points out.

It’s a memorable moment for responsible buyers who’ve been waiting to own a home. While the new tax credit is just the kicker some buyers have needed, historically low interest rates take some risk out of buying now. Waiting for lower prices might be a false economy if you lose a great rate. The monthly payments on a $200,000 mortgage at 5% and a $180,000 loan at 6% are about the same.

[SD Transplant]

This type of headline makes it all better (or more logical).

Got $2,500? Buy a house

http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/got-2500-dollars-buy-a-house.aspx

Rock-bottom interest rates and an $8,000 tax credit make a home possible for many first-time buyers — with no trick mortgages or financial gymnastics required.

MSN Money
A triple play like this one probably won’t happen again in your lifetime:

Money’s cheaper than dirt.

Home prices have been knocked back to 2003 levels.

The federal government wants to pay you up to $8,000 for buying a house.

With that tax incentive, average credit and less than $2,500 in savings, it’s possible to buy a $150,000 starter home for about $1,000 a month, taxes and insurance included.

“It may be the best time to buy a home that we’ve seen in this generation — for everybody but particularly for first-time homebuyers,” says Brad Blackwell, a national sales manager for Wells Fargo Home Mortgage. The flood of homes for sale is hard on sellers, but it gives buyers an unusually wide selection, he points out.

It’s a memorable moment for responsible buyers who’ve been waiting to own a home. While the new tax credit is just the kicker some buyers have needed, historically low interest rates take some risk out of buying now. Waiting for lower prices might be a false economy if you lose a great rate. The monthly payments on a $200,000 mortgage at 5% and a $180,000 loan at 6% are about the same.

[SD Transplant]

This type of headline makes it all better (or more logical).

Got $2,500? Buy a house

http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/got-2500-dollars-buy-a-house.aspx

Rock-bottom interest rates and an $8,000 tax credit make a home possible for many first-time buyers — with no trick mortgages or financial gymnastics required.

MSN Money
A triple play like this one probably won’t happen again in your lifetime:

Money’s cheaper than dirt.

Home prices have been knocked back to 2003 levels.

The federal government wants to pay you up to $8,000 for buying a house.

With that tax incentive, average credit and less than $2,500 in savings, it’s possible to buy a $150,000 starter home for about $1,000 a month, taxes and insurance included.

“It may be the best time to buy a home that we’ve seen in this generation — for everybody but particularly for first-time homebuyers,” says Brad Blackwell, a national sales manager for Wells Fargo Home Mortgage. The flood of homes for sale is hard on sellers, but it gives buyers an unusually wide selection, he points out.

It’s a memorable moment for responsible buyers who’ve been waiting to own a home. While the new tax credit is just the kicker some buyers have needed, historically low interest rates take some risk out of buying now. Waiting for lower prices might be a false economy if you lose a great rate. The monthly payments on a $200,000 mortgage at 5% and a $180,000 loan at 6% are about the same.

[CricketOnTheHearth]

Too bad there are no “$150,000 starter homes” anywhere near where I work… except in the gang-infested neighborhood. Probably plenty of these in the MidWest.

[CricketOnTheHearth]

Too bad there are no “$150,000 starter homes” anywhere near where I work… except in the gang-infested neighborhood. Probably plenty of these in the MidWest.

[CricketOnTheHearth]

Too bad there are no “$150,000 starter homes” anywhere near where I work… except in the gang-infested neighborhood. Probably plenty of these in the MidWest.

[CricketOnTheHearth]

Too bad there are no “$150,000 starter homes” anywhere near where I work… except in the gang-infested neighborhood. Probably plenty of these in the MidWest.

[CricketOnTheHearth]

Too bad there are no “$150,000 starter homes” anywhere near where I work… except in the gang-infested neighborhood. Probably plenty of these in the MidWest.

[aldante]

Any experts here disagree with this statment in the article:
“But sales are nowhere near robust in a historical context especially when considering that median house prices are down 44% from the peak and rates are at historic lows. If this market was truly on the mend, sales would be much higher especially now, during the peak season. Sales actually dropped 10% from April to May.”

That was from the fieldcheckgroup article posted by peterb.

[aldante]

Any experts here disagree with this statment in the article:
“But sales are nowhere near robust in a historical context especially when considering that median house prices are down 44% from the peak and rates are at historic lows. If this market was truly on the mend, sales would be much higher especially now, during the peak season. Sales actually dropped 10% from April to May.”

That was from the fieldcheckgroup article posted by peterb.

[aldante]

Any experts here disagree with this statment in the article:
“But sales are nowhere near robust in a historical context especially when considering that median house prices are down 44% from the peak and rates are at historic lows. If this market was truly on the mend, sales would be much higher especially now, during the peak season. Sales actually dropped 10% from April to May.”

That was from the fieldcheckgroup article posted by peterb.

[aldante]

Any experts here disagree with this statment in the article:
“But sales are nowhere near robust in a historical context especially when considering that median house prices are down 44% from the peak and rates are at historic lows. If this market was truly on the mend, sales would be much higher especially now, during the peak season. Sales actually dropped 10% from April to May.”

That was from the fieldcheckgroup article posted by peterb.

[Author]

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