[Bob]

Banks are holding on to foreclosed properties, releasing them slowly, so as to start a bidding war. So far its working. But as interest rates climb (trust me, they will) there will be fewer positive cash flow properties on the market for investors, as well as fewer first timers who qualify for loans. That will reduce the demand later this year, and along with even higher unemployment numbers, the banks will once again be in a pickle…either they will dump the properties, or beg Obama for more assistance.

[Bob]

Banks are holding on to foreclosed properties, releasing them slowly, so as to start a bidding war. So far its working. But as interest rates climb (trust me, they will) there will be fewer positive cash flow properties on the market for investors, as well as fewer first timers who qualify for loans. That will reduce the demand later this year, and along with even higher unemployment numbers, the banks will once again be in a pickle…either they will dump the properties, or beg Obama for more assistance.

[Bob]

Banks are holding on to foreclosed properties, releasing them slowly, so as to start a bidding war. So far its working. But as interest rates climb (trust me, they will) there will be fewer positive cash flow properties on the market for investors, as well as fewer first timers who qualify for loans. That will reduce the demand later this year, and along with even higher unemployment numbers, the banks will once again be in a pickle…either they will dump the properties, or beg Obama for more assistance.

[Bob]

Banks are holding on to foreclosed properties, releasing them slowly, so as to start a bidding war. So far its working. But as interest rates climb (trust me, they will) there will be fewer positive cash flow properties on the market for investors, as well as fewer first timers who qualify for loans. That will reduce the demand later this year, and along with even higher unemployment numbers, the banks will once again be in a pickle…either they will dump the properties, or beg Obama for more assistance.

[Bob]

Banks are holding on to foreclosed properties, releasing them slowly, so as to start a bidding war. So far its working. But as interest rates climb (trust me, they will) there will be fewer positive cash flow properties on the market for investors, as well as fewer first timers who qualify for loans. That will reduce the demand later this year, and along with even higher unemployment numbers, the banks will once again be in a pickle…either they will dump the properties, or beg Obama for more assistance.

[Bob]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

LOL…

[Bob]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

LOL…

[Bob]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

LOL…

[Bob]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

LOL…

[Bob]

[quote=Rt.66]Obama just announced on CNBC that the new mall in Temecula is going to bring the nation out of the depression. He specifically mentioned the crowds at PF Changs.[/quote]

LOL…

[Bob]

[quote=eclipxe]A double dose of good housing news ignited the advance: Pending U.S. home sales rose more than forecast and had their second straight monthly gain, while construction spending rose unexpectedly in March after five straight declines.”[/quote]

If builders start new home construction, that would be a great way to increase supply and keep prices low. I doubt builders will enter the market in full force until prices start an upward trend.

[Bob]

[quote=eclipxe]A double dose of good housing news ignited the advance: Pending U.S. home sales rose more than forecast and had their second straight monthly gain, while construction spending rose unexpectedly in March after five straight declines.”[/quote]

If builders start new home construction, that would be a great way to increase supply and keep prices low. I doubt builders will enter the market in full force until prices start an upward trend.

[Bob]

[quote=eclipxe]A double dose of good housing news ignited the advance: Pending U.S. home sales rose more than forecast and had their second straight monthly gain, while construction spending rose unexpectedly in March after five straight declines.”[/quote]

If builders start new home construction, that would be a great way to increase supply and keep prices low. I doubt builders will enter the market in full force until prices start an upward trend.

[Bob]

[quote=eclipxe]A double dose of good housing news ignited the advance: Pending U.S. home sales rose more than forecast and had their second straight monthly gain, while construction spending rose unexpectedly in March after five straight declines.”[/quote]

If builders start new home construction, that would be a great way to increase supply and keep prices low. I doubt builders will enter the market in full force until prices start an upward trend.

[Bob]

[quote=eclipxe]A double dose of good housing news ignited the advance: Pending U.S. home sales rose more than forecast and had their second straight monthly gain, while construction spending rose unexpectedly in March after five straight declines.”[/quote]

If builders start new home construction, that would be a great way to increase supply and keep prices low. I doubt builders will enter the market in full force until prices start an upward trend.

[Author]

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