Riding the 2nd Wave of Foreclosures »
Posted By altnrg 6 months, 2 weeks ago in NewsThough there may seem to be signs of less homes on the market, and thus the return of a healthy, more stable real estate economy – the problem lies in the reality of a flood of foreclosures that has been dammed up by various state regulations and the Obama administration’s requests in the form of an imposed moratorium since October 31, 2008.
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nostalgia6 months, 1 week ago
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This housing crisis is far from over
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You have to remember there are many mortgages still out there that are adjustable rate and will reset in the years ahead
Here is an interesting graph that shows the peak won't happen until 2011
Mortgage Reset Graph: 2008, 2009, 2010, & 2011.
The potential for real estate supply increases and price shifts due to mortgage defaults and from mortgage rate resets remains a strong possibility. A significant segment of the option adjustable rate mortgage holders are currently paying the minimum payments due to banks, while their principle balances negatively amortize (increase of principle balance). Potential increases in real estate market supply remains evident for the coming years of 2010, 2011, and the first half of 2012, according to the Credit Suisse mortgage reset graph.
http://realestatenewsblog.blogspot.com/2008/08/mor...
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