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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (168738)12/3/2008 4:04:41 PM
From: Broken_ClockRead Replies (1) of 306849
 
home prices will continue to slide because a) loans are still difficult to get on a relative basis, meaning no more zero down, hard look taken at appraisal values, qualifying ficos and incomes, and b) the majority of sales are foreclosures and short sales many of which are speculators who expect to flip them back onto the market keeping the inventory levels high
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That is false. For second homes it is true. For primary it is as easy to get 100% financing as it was 3 years ago...within FHA backed amounts. In Hawaii that is 618k up to 7 something. In SoCal it is likely less.

There are too many homes for the amount of jobs that can support people living in the homes with standard 20% down mortgages. That is the problem.

Supply and demand. imagine that.
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