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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: James M. Belin who wrote (61083)5/16/2006 4:36:50 AM
From: LLCF  Respond to of 110194
 
<An update on the Phoenix real estate market-->

Front page article in the local paper about the slowdown and effect on realtors and Mb's as well.

DAK



To: James M. Belin who wrote (61083)5/16/2006 8:27:21 AM
From: russwinter  Read Replies (3) | Respond to of 110194
 
the interest rates on a lot of adjustable rate mortgages in the Phoenix real estate market will be reset.>

This should already be happening, especially in subprime.
idorfman.com
Is he hearing any stories of people in trouble, and if so, how are they reacting or behaving?