[peterb]

Seems like any purchase above $500K is most likely side-line money that’s coming back into the market. Wont take long to exhaust it, though.

Investors and first-time buyers at the low-end are looking busy right now, feeding in the REO market. Although money still seems pretty easy to get at this level of purchase, unemployment might dampen this within a few more months.

Unemployment just came in at a 16 year high. And this party is only getting started.

[peterb]

Seems like any purchase above $500K is most likely side-line money that’s coming back into the market. Wont take long to exhaust it, though.

Investors and first-time buyers at the low-end are looking busy right now, feeding in the REO market. Although money still seems pretty easy to get at this level of purchase, unemployment might dampen this within a few more months.

Unemployment just came in at a 16 year high. And this party is only getting started.

[peterb]

Seems like any purchase above $500K is most likely side-line money that’s coming back into the market. Wont take long to exhaust it, though.

Investors and first-time buyers at the low-end are looking busy right now, feeding in the REO market. Although money still seems pretty easy to get at this level of purchase, unemployment might dampen this within a few more months.

Unemployment just came in at a 16 year high. And this party is only getting started.

[peterb]

Seems like any purchase above $500K is most likely side-line money that’s coming back into the market. Wont take long to exhaust it, though.

Investors and first-time buyers at the low-end are looking busy right now, feeding in the REO market. Although money still seems pretty easy to get at this level of purchase, unemployment might dampen this within a few more months.

Unemployment just came in at a 16 year high. And this party is only getting started.

[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.

[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]

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

[peterb]

Actually CONCHO, this exact thing just happened to a close friend. He lives in an area that peaked in 2005 at about $1.2M per house. It has many people in it that are well over 65. The house directly accross the street just did almost exaclty what you said. The husband died last year, the wife no longer could stay in the property, so she sold. And guess what? She sold the house for $750K after 4 months on the market. She even put on a new roof to help sell it. They paid about $150K for the house in 1970, so she still did well, profit wise. But the point is, she had the equity to sell at the new low for the hood. My friends was bummed as he realized this scenario could happen many more times around his house and keep lowering the comps.

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