Spring Housing Prediction

[NotCranky]

As someone pointed out there is a lot of wild predicting going on on this thread.

I am not even sure if this conversation would have legs if volume had not picked up.Some piggs started buying, realtor bias & attention getting behavior,the election being decided and the fact that Marion is no longer posting pictures of body parts.

We don’t know yet if recent or current pick in sales is sustainable at all. It was caused by the first success at capitulation by distressed property sellers.That isn’t going ot hold up prices. We are in inning 4.5. Houses especially in the price ranges being hashed over in this thread with a few exceptions are toast regardless of what happens next spring. Almost everything is going back to 2001 era prices or less.

On another sub topic: Rent equations and tight credit suit some piggs with or without macroeconomic improvement,great. I am not sure it affects main stream the same way. So, with that in mind I agree with Concho.

This won’t be significantly over until the basic house in most zip codes can be sold 6-12 months later at break even price, starting in the spring.

Give credit to water front maybe being different. But I think we are talking about the market much more generally and we were on the “big chunk” thread too.

[peterb]

Can anyone tell me what the DTI is right now for a 20% down, 30 year fixed loan on a $250K SFR?
Just curious what the lenders are now approving. Is the govt still doing these?

Thanks

[peterb]

Can anyone tell me what the DTI is right now for a 20% down, 30 year fixed loan on a $250K SFR?
Just curious what the lenders are now approving. Is the govt still doing these?

Thanks

[peterb]

Can anyone tell me what the DTI is right now for a 20% down, 30 year fixed loan on a $250K SFR?
Just curious what the lenders are now approving. Is the govt still doing these?

Thanks

[peterb]

Can anyone tell me what the DTI is right now for a 20% down, 30 year fixed loan on a $250K SFR?
Just curious what the lenders are now approving. Is the govt still doing these?

Thanks

[peterb]

Can anyone tell me what the DTI is right now for a 20% down, 30 year fixed loan on a $250K SFR?
Just curious what the lenders are now approving. Is the govt still doing these?

Thanks

[NotCranky]

Peter. I was on the phone with a loan processor I am working with and she gave this:
37-38% front end and as much as 47-49 back end, Special requirements may apply. I think they are more liberal with the front end with not much back enda nd high fico.This is for what you are asked about.
This is pretty liberal as you know.

Higher loans are more strict.

[NotCranky]

Peter. I was on the phone with a loan processor I am working with and she gave this:
37-38% front end and as much as 47-49 back end, Special requirements may apply. I think they are more liberal with the front end with not much back enda nd high fico.This is for what you are asked about.
This is pretty liberal as you know.

Higher loans are more strict.

[NotCranky]

Peter. I was on the phone with a loan processor I am working with and she gave this:
37-38% front end and as much as 47-49 back end, Special requirements may apply. I think they are more liberal with the front end with not much back enda nd high fico.This is for what you are asked about.
This is pretty liberal as you know.

Higher loans are more strict.

[NotCranky]

Peter. I was on the phone with a loan processor I am working with and she gave this:
37-38% front end and as much as 47-49 back end, Special requirements may apply. I think they are more liberal with the front end with not much back enda nd high fico.This is for what you are asked about.
This is pretty liberal as you know.

Higher loans are more strict.

[NotCranky]

Peter. I was on the phone with a loan processor I am working with and she gave this:
37-38% front end and as much as 47-49 back end, Special requirements may apply. I think they are more liberal with the front end with not much back enda nd high fico.This is for what you are asked about.
This is pretty liberal as you know.

Higher loans are more strict.

[peterb]

Rustico- yes, thanks much. That’s exactly what I was looking for. High FICO meaning over 700? Although it doesnt matter much…as you say, this is pretty liberal! Things are starting to add up a little better to me now.

[peterb]

Rustico- yes, thanks much. That’s exactly what I was looking for. High FICO meaning over 700? Although it doesnt matter much…as you say, this is pretty liberal! Things are starting to add up a little better to me now.

[peterb]

Rustico- yes, thanks much. That’s exactly what I was looking for. High FICO meaning over 700? Although it doesnt matter much…as you say, this is pretty liberal! Things are starting to add up a little better to me now.

[peterb]

Rustico- yes, thanks much. That’s exactly what I was looking for. High FICO meaning over 700? Although it doesnt matter much…as you say, this is pretty liberal! Things are starting to add up a little better to me now.

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