Comments on: Is The Spring Thaw Warming Up The Housing Market? Looks That Way http://www.therealestatebloggers.com/2007/03/07/is-the-spring-thaw-warming-up-the-housing-market-looks-that-way/ Real Estate Blog, Mortgage, and Development News Sun, 21 Mar 2010 17:00:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: BigDaddy http://www.therealestatebloggers.com/2007/03/07/is-the-spring-thaw-warming-up-the-housing-market-looks-that-way/comment-page-1/#comment-36545 BigDaddy Thu, 08 Mar 2007 01:08:51 +0000 http://www.therealestatebloggers.com/2007/03/07/is-the-spring-thaw-warming-up-the-housing-market-looks-that-way/#comment-36545 You have GOT TO BE JOKING!!! Spring Thaw? For there to be sales there must be Financing which must get approved by a bank which gets it information from an appraiser who if they are doing their job correctly would simply say that the market could possible lose value of the up coming months which causes the bank to tell the person who they are lending the money..."Sorry, we can't lend you anything because we have no idea where this market is going. Please try back in a few months". These stories have one purpose. That purpose is to do anything to restart the housing market. Look for values to fall 25 to 30% in 2007, and another 20 to 30 in 2008 and 2009. The bottom is still a few years off. Once we hit bottom, get ready to stay there for a while. You have GOT TO BE JOKING!!! Spring Thaw? For there to be sales there must be Financing which must get approved by a bank which gets it information from an appraiser who if they are doing their job correctly would simply say that the market could possible lose value of the up coming months which causes the bank to tell the person who they are lending the money…”Sorry, we can’t lend you anything because we have no idea where this market is going. Please try back in a few months”.

These stories have one purpose. That purpose is to do anything to restart the housing market. Look for values to fall 25 to 30% in 2007, and another 20 to 30 in 2008 and 2009. The bottom is still a few years off. Once we hit bottom, get ready to stay there for a while.

]]> By: Ed http://www.therealestatebloggers.com/2007/03/07/is-the-spring-thaw-warming-up-the-housing-market-looks-that-way/comment-page-1/#comment-36500 Ed Wed, 07 Mar 2007 15:34:55 +0000 http://www.therealestatebloggers.com/2007/03/07/is-the-spring-thaw-warming-up-the-housing-market-looks-that-way/#comment-36500 While I am encouraged that the numbers increased, not a lot of new homes or existing homes are being bought. In the midwest January has historically been a great month, but this year January was dismal. This report makes me believe that equity is being taken out of properties to cover taxes, other debt or the lenders are looking to shore up some bad debt (especially the sub prime debt that has grabbed so much attention lately) can add <a title='RopenHouse.com' href='http://www.ropenhouse.com' rel="nofollow"> - Ed </a> http://www.ropenhouse.com While I am encouraged that the numbers increased, not a lot of new homes or existing homes are being bought. In the midwest January has historically been a great month, but this year January was dismal. This report makes me believe that equity is being taken out of properties to cover taxes, other debt or the lenders are looking to shore up some bad debt (especially the sub prime debt that has grabbed so much attention lately)

can add – Ed
http://www.ropenhouse.com

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