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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (19877)	9/3/2006 11:25:29 PM
From: Proud Deplorable	Respond to of 78408

"Lot of talk on the epic thread." yes and the other one....http://www.siliconinvestor.com/subject.aspx?subjectid=51347 The Residential Real Estate Crash Index and best of all the blog that was advertised in Newsweek thehousingbubbleblog.com ha ha ha look at this!!!!!! "The Arizona Republic reports from Phoenix. “Scottsdale Coldwell Banke Branch Manager Earlene Nelson invited me to hear some of her agents’ firsthand housing market experiences. Valley home buyers are sitting on the sidelines waiting to see when the market is going to level off. Most open houses are drawing only a few lookers, and those who do show up aren’t serious enough to bring real estate agents.” “Neighborhood ‘vigilantes’ are pulling down ‘for sale’ signs because they are tired of having so many lookers cruise their streets and turn around in their driveways.” “New homes on the Valley’s fringes, particularly in Pinal County, are selling with big discounts. Buyers are asking some sellers to cut prices by $50,000 to $75,000. Some sellers say they are motivated but realistic about how they are pricing their homes. Most prospective home buyers are just ‘kicking the tires’ on Valley houses.” “Trends are changing daily, as are buyers’ and sellers’ minds. But what most agents are wondering is when and if the Valley’s housing market has finished its cooldown and when it will start climbing again.” “At a time when overall sales are plummeting, Surprise’s home values have nonetheless been rising so far this year.The number of local home sales declined from 4,154 last year to 1,951 so far this year. ‘We’ve had a huge increase in supply, so you would think we’d have a decline in prices in Surprise.’ Realtor Mike Holloway said.” The Daily Courier from Prescott. “(Mortgage brokers) Jerry Sell and Theresa Baca have both noticed a change in the loan options buyers are seeking from 2005. ‘Last year we saw tons of the interest-only products,’ Baca said. ‘We saw lots of California buyers coming in wanting to get into investment properties with little or no money down.’” “Baca said young buyers are having problems affording homes that have appreciated. ‘There is so many young families trying to buy and the prices have gone up to a level where they are having trouble with the payments,’ she said.” “Sell said he is leery of interest-only loans because of the risk involved. ‘I don’t advocate those,’ he said. ‘I feel those have the potential to get somebody in trouble in future years.’” “Sell explained that the glut of homes in the tri-city area means that a hard winter is likely. He said rates will stay down and sellers will have more realistic views about their property and adjust their asking prices accordingly.” "