[(former)FormerSanDiegan]

How the hell have mortgage conditions gotten ‘better’?

I think they meant in the very short -term. From the initial panic in August-September to now. Remember, at the initial stages of the panic many programs stopped and getting a loan funded at all was very difficult. Jumbos were well over 1 point higher than conventional. Over time, various loan programs seem to have come back on line and the spread between Jumbos and conforming is closer to 0.5%.

So, basically they are saying that sales have improved slightly from a pretty horrendous rate. Note that even at this slightly higher sales rate that sales are less than they were at this time in 2001, in the months after 9/11.

[(former)FormerSanDiegan]

How the hell have mortgage conditions gotten ‘better’?

I think they meant in the very short -term. From the initial panic in August-September to now. Remember, at the initial stages of the panic many programs stopped and getting a loan funded at all was very difficult. Jumbos were well over 1 point higher than conventional. Over time, various loan programs seem to have come back on line and the spread between Jumbos and conforming is closer to 0.5%.

So, basically they are saying that sales have improved slightly from a pretty horrendous rate. Note that even at this slightly higher sales rate that sales are less than they were at this time in 2001, in the months after 9/11.

[(former)FormerSanDiegan]

How the hell have mortgage conditions gotten ‘better’?

I think they meant in the very short -term. From the initial panic in August-September to now. Remember, at the initial stages of the panic many programs stopped and getting a loan funded at all was very difficult. Jumbos were well over 1 point higher than conventional. Over time, various loan programs seem to have come back on line and the spread between Jumbos and conforming is closer to 0.5%.

So, basically they are saying that sales have improved slightly from a pretty horrendous rate. Note that even at this slightly higher sales rate that sales are less than they were at this time in 2001, in the months after 9/11.

[(former)FormerSanDiegan]

How the hell have mortgage conditions gotten ‘better’?

I think they meant in the very short -term. From the initial panic in August-September to now. Remember, at the initial stages of the panic many programs stopped and getting a loan funded at all was very difficult. Jumbos were well over 1 point higher than conventional. Over time, various loan programs seem to have come back on line and the spread between Jumbos and conforming is closer to 0.5%.

So, basically they are saying that sales have improved slightly from a pretty horrendous rate. Note that even at this slightly higher sales rate that sales are less than they were at this time in 2001, in the months after 9/11.

[(former)FormerSanDiegan]

How the hell have mortgage conditions gotten ‘better’?

I think they meant in the very short -term. From the initial panic in August-September to now. Remember, at the initial stages of the panic many programs stopped and getting a loan funded at all was very difficult. Jumbos were well over 1 point higher than conventional. Over time, various loan programs seem to have come back on line and the spread between Jumbos and conforming is closer to 0.5%.

So, basically they are saying that sales have improved slightly from a pretty horrendous rate. Note that even at this slightly higher sales rate that sales are less than they were at this time in 2001, in the months after 9/11.

[(former)FormerSanDiegan]

So I guess that means that seller’s agents are unneccesary?

I never said that. I’ve used a seasoned, quality agent to sell two of my houses. A bad seller’s agent can find many ways to screw up a deal, starting with price. A good agent whose been around the block a few times has already made all the mistakes and knows how to avoid most of them.

[(former)FormerSanDiegan]

So I guess that means that seller’s agents are unneccesary?

I never said that. I’ve used a seasoned, quality agent to sell two of my houses. A bad seller’s agent can find many ways to screw up a deal, starting with price. A good agent whose been around the block a few times has already made all the mistakes and knows how to avoid most of them.

[(former)FormerSanDiegan]

So I guess that means that seller’s agents are unneccesary?

I never said that. I’ve used a seasoned, quality agent to sell two of my houses. A bad seller’s agent can find many ways to screw up a deal, starting with price. A good agent whose been around the block a few times has already made all the mistakes and knows how to avoid most of them.

[(former)FormerSanDiegan]

So I guess that means that seller’s agents are unneccesary?

I never said that. I’ve used a seasoned, quality agent to sell two of my houses. A bad seller’s agent can find many ways to screw up a deal, starting with price. A good agent whose been around the block a few times has already made all the mistakes and knows how to avoid most of them.

[(former)FormerSanDiegan]

So I guess that means that seller’s agents are unneccesary?

I never said that. I’ve used a seasoned, quality agent to sell two of my houses. A bad seller’s agent can find many ways to screw up a deal, starting with price. A good agent whose been around the block a few times has already made all the mistakes and knows how to avoid most of them.

[(former)FormerSanDiegan]

Thanks, just Lurking. That was cool.

My favorite quote :

“By the fourth quarter of 2007, existing-home sales will be 4.6 percent higher than the current quarter,” Lereah said.

The funny thing is that they were pretty close on all the economic indicators EXCEPT for housing.

The unemployment rate is expected to be 4.8 percent in 2007, after averaging an estimated 4.6 percent this year. Inflation, as measured by the Consumer Price Index, is forecast to be 3.4 percent for 2006 and 2.3 percent in 2007, while growth in the U.S. gross domestic product is likely to be 3.3 percent for all of this year and 2.3 percent in 2007. Inflation-adjusted disposable personal income is projected to grow 2.6 percent for 2006 and 3.5 percent next year.

[(former)FormerSanDiegan]

Thanks, just Lurking. That was cool.

My favorite quote :

“By the fourth quarter of 2007, existing-home sales will be 4.6 percent higher than the current quarter,” Lereah said.

The funny thing is that they were pretty close on all the economic indicators EXCEPT for housing.

The unemployment rate is expected to be 4.8 percent in 2007, after averaging an estimated 4.6 percent this year. Inflation, as measured by the Consumer Price Index, is forecast to be 3.4 percent for 2006 and 2.3 percent in 2007, while growth in the U.S. gross domestic product is likely to be 3.3 percent for all of this year and 2.3 percent in 2007. Inflation-adjusted disposable personal income is projected to grow 2.6 percent for 2006 and 3.5 percent next year.

[(former)FormerSanDiegan]

Thanks, just Lurking. That was cool.

My favorite quote :

“By the fourth quarter of 2007, existing-home sales will be 4.6 percent higher than the current quarter,” Lereah said.

The funny thing is that they were pretty close on all the economic indicators EXCEPT for housing.

The unemployment rate is expected to be 4.8 percent in 2007, after averaging an estimated 4.6 percent this year. Inflation, as measured by the Consumer Price Index, is forecast to be 3.4 percent for 2006 and 2.3 percent in 2007, while growth in the U.S. gross domestic product is likely to be 3.3 percent for all of this year and 2.3 percent in 2007. Inflation-adjusted disposable personal income is projected to grow 2.6 percent for 2006 and 3.5 percent next year.

[(former)FormerSanDiegan]

Thanks, just Lurking. That was cool.

My favorite quote :

“By the fourth quarter of 2007, existing-home sales will be 4.6 percent higher than the current quarter,” Lereah said.

The funny thing is that they were pretty close on all the economic indicators EXCEPT for housing.

The unemployment rate is expected to be 4.8 percent in 2007, after averaging an estimated 4.6 percent this year. Inflation, as measured by the Consumer Price Index, is forecast to be 3.4 percent for 2006 and 2.3 percent in 2007, while growth in the U.S. gross domestic product is likely to be 3.3 percent for all of this year and 2.3 percent in 2007. Inflation-adjusted disposable personal income is projected to grow 2.6 percent for 2006 and 3.5 percent next year.

[(former)FormerSanDiegan]

Thanks, just Lurking. That was cool.

My favorite quote :

“By the fourth quarter of 2007, existing-home sales will be 4.6 percent higher than the current quarter,” Lereah said.

The funny thing is that they were pretty close on all the economic indicators EXCEPT for housing.

The unemployment rate is expected to be 4.8 percent in 2007, after averaging an estimated 4.6 percent this year. Inflation, as measured by the Consumer Price Index, is forecast to be 3.4 percent for 2006 and 2.3 percent in 2007, while growth in the U.S. gross domestic product is likely to be 3.3 percent for all of this year and 2.3 percent in 2007. Inflation-adjusted disposable personal income is projected to grow 2.6 percent for 2006 and 3.5 percent next year.

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