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peterb
ParticipantWe’re in a classic deflationary cycle right now. very interesting to observe. Very difficult to stabilize, incredibly difficult to reverse. Best case scenario is that we stabilize. Worst case, we accelerate deflation. Unemployment is rising and credit is constricting. My bet is acceleration.
REO sales are 45% of the market and growing. Man, who would have guessed??!!!This is amazing stuff!“If sales do not grow and foreclosure sales continue to grow as a percentage of total sales, we remain on track for an absolute housing downside overshoot and subsequent total meltdown.” -Best, Mr Mortgage
This guy know’s his stuff! We’re headed into the “slow season” for RE sales and REO’s are accelerating. What do you think is going to happen between now and December 31,2008???
ParticipantWe’re in a classic deflationary cycle right now. very interesting to observe. Very difficult to stabilize, incredibly difficult to reverse. Best case scenario is that we stabilize. Worst case, we accelerate deflation. Unemployment is rising and credit is constricting. My bet is acceleration.
REO sales are 45% of the market and growing. Man, who would have guessed??!!!This is amazing stuff!“If sales do not grow and foreclosure sales continue to grow as a percentage of total sales, we remain on track for an absolute housing downside overshoot and subsequent total meltdown.” -Best, Mr Mortgage
This guy know’s his stuff! We’re headed into the “slow season” for RE sales and REO’s are accelerating. What do you think is going to happen between now and December 31,2008???
ParticipantWe’re in a classic deflationary cycle right now. very interesting to observe. Very difficult to stabilize, incredibly difficult to reverse. Best case scenario is that we stabilize. Worst case, we accelerate deflation. Unemployment is rising and credit is constricting. My bet is acceleration.
REO sales are 45% of the market and growing. Man, who would have guessed??!!!This is amazing stuff!“If sales do not grow and foreclosure sales continue to grow as a percentage of total sales, we remain on track for an absolute housing downside overshoot and subsequent total meltdown.” -Best, Mr Mortgage
This guy know’s his stuff! We’re headed into the “slow season” for RE sales and REO’s are accelerating. What do you think is going to happen between now and December 31,2008???
ParticipantWe’re in a classic deflationary cycle right now. very interesting to observe. Very difficult to stabilize, incredibly difficult to reverse. Best case scenario is that we stabilize. Worst case, we accelerate deflation. Unemployment is rising and credit is constricting. My bet is acceleration.
REO sales are 45% of the market and growing. Man, who would have guessed??!!!This is amazing stuff!“If sales do not grow and foreclosure sales continue to grow as a percentage of total sales, we remain on track for an absolute housing downside overshoot and subsequent total meltdown.” -Best, Mr Mortgage
This guy know’s his stuff! We’re headed into the “slow season” for RE sales and REO’s are accelerating. What do you think is going to happen between now and December 31,2008???
ParticipantOur real estate world is all about funding, of any kind. So all sources should be considered and included to get the whole picture.
This is a classic deflationary cycle. A downward spiral that feeds itself. Seeing data that clarifies these things is important. The fact that people are not refinancing despite lower rates is an indication of credit/funding availability. As this diminishes, it puts more downward pressure on prices.I am still guessing that rates have to stay low due to lower demand. But risk is growing, so mitigation of risk will have to be installed. I am guessing that higher down payments and tougher documentation proving ability to repay will be the way this is achieved. But I dont know the business that well. Anybody have insight as to this?
ParticipantOur real estate world is all about funding, of any kind. So all sources should be considered and included to get the whole picture.
This is a classic deflationary cycle. A downward spiral that feeds itself. Seeing data that clarifies these things is important. The fact that people are not refinancing despite lower rates is an indication of credit/funding availability. As this diminishes, it puts more downward pressure on prices.I am still guessing that rates have to stay low due to lower demand. But risk is growing, so mitigation of risk will have to be installed. I am guessing that higher down payments and tougher documentation proving ability to repay will be the way this is achieved. But I dont know the business that well. Anybody have insight as to this?
ParticipantOur real estate world is all about funding, of any kind. So all sources should be considered and included to get the whole picture.
This is a classic deflationary cycle. A downward spiral that feeds itself. Seeing data that clarifies these things is important. The fact that people are not refinancing despite lower rates is an indication of credit/funding availability. As this diminishes, it puts more downward pressure on prices.I am still guessing that rates have to stay low due to lower demand. But risk is growing, so mitigation of risk will have to be installed. I am guessing that higher down payments and tougher documentation proving ability to repay will be the way this is achieved. But I dont know the business that well. Anybody have insight as to this?
ParticipantOur real estate world is all about funding, of any kind. So all sources should be considered and included to get the whole picture.
This is a classic deflationary cycle. A downward spiral that feeds itself. Seeing data that clarifies these things is important. The fact that people are not refinancing despite lower rates is an indication of credit/funding availability. As this diminishes, it puts more downward pressure on prices.I am still guessing that rates have to stay low due to lower demand. But risk is growing, so mitigation of risk will have to be installed. I am guessing that higher down payments and tougher documentation proving ability to repay will be the way this is achieved. But I dont know the business that well. Anybody have insight as to this?
ParticipantOur real estate world is all about funding, of any kind. So all sources should be considered and included to get the whole picture.
This is a classic deflationary cycle. A downward spiral that feeds itself. Seeing data that clarifies these things is important. The fact that people are not refinancing despite lower rates is an indication of credit/funding availability. As this diminishes, it puts more downward pressure on prices.I am still guessing that rates have to stay low due to lower demand. But risk is growing, so mitigation of risk will have to be installed. I am guessing that higher down payments and tougher documentation proving ability to repay will be the way this is achieved. But I dont know the business that well. Anybody have insight as to this?
ParticipantReversing deflation is extremely difficult once it gets rolling and we’ve gone past rolling to spinning outta control. Uncharted waters in foreclosures is happening real-time and picking up speed. REO’s are continuing to crowd out the market and drive it down.
As Bruce Norris says,”When real estate becomes despised as an investment, that’s when the real opportunities start to show up.”
I’m guessing late 2009 will be when all hope is lost. When the newspapers and mainstreem media start talking about the dangers of real estate investing, the party will begin. I still see a little too much about the bottom being here and good times just around the corner. So, we’ve got some time to go until total capitulation. IMO.
ParticipantReversing deflation is extremely difficult once it gets rolling and we’ve gone past rolling to spinning outta control. Uncharted waters in foreclosures is happening real-time and picking up speed. REO’s are continuing to crowd out the market and drive it down.
As Bruce Norris says,”When real estate becomes despised as an investment, that’s when the real opportunities start to show up.”
I’m guessing late 2009 will be when all hope is lost. When the newspapers and mainstreem media start talking about the dangers of real estate investing, the party will begin. I still see a little too much about the bottom being here and good times just around the corner. So, we’ve got some time to go until total capitulation. IMO.
ParticipantReversing deflation is extremely difficult once it gets rolling and we’ve gone past rolling to spinning outta control. Uncharted waters in foreclosures is happening real-time and picking up speed. REO’s are continuing to crowd out the market and drive it down.
As Bruce Norris says,”When real estate becomes despised as an investment, that’s when the real opportunities start to show up.”
I’m guessing late 2009 will be when all hope is lost. When the newspapers and mainstreem media start talking about the dangers of real estate investing, the party will begin. I still see a little too much about the bottom being here and good times just around the corner. So, we’ve got some time to go until total capitulation. IMO.
ParticipantReversing deflation is extremely difficult once it gets rolling and we’ve gone past rolling to spinning outta control. Uncharted waters in foreclosures is happening real-time and picking up speed. REO’s are continuing to crowd out the market and drive it down.
As Bruce Norris says,”When real estate becomes despised as an investment, that’s when the real opportunities start to show up.”
I’m guessing late 2009 will be when all hope is lost. When the newspapers and mainstreem media start talking about the dangers of real estate investing, the party will begin. I still see a little too much about the bottom being here and good times just around the corner. So, we’ve got some time to go until total capitulation. IMO.
ParticipantReversing deflation is extremely difficult once it gets rolling and we’ve gone past rolling to spinning outta control. Uncharted waters in foreclosures is happening real-time and picking up speed. REO’s are continuing to crowd out the market and drive it down.
As Bruce Norris says,”When real estate becomes despised as an investment, that’s when the real opportunities start to show up.”
I’m guessing late 2009 will be when all hope is lost. When the newspapers and mainstreem media start talking about the dangers of real estate investing, the party will begin. I still see a little too much about the bottom being here and good times just around the corner. So, we’ve got some time to go until total capitulation. IMO.
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