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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (84555)	1/28/2013 1:21:27 PM
From: Broken_Clock	2 Recommendations Read Replies (2) \| Respond to of 119360

"but there are still 10.7 million borrowers who owe more on their mortgages than their homes are worth, and an additional 2.3 million who have less than five percent equity in their homes, according to CoreLogic. Those homeowners cannot sell without having to pay into their mortgages, so they are largely stuck in place. First-time home buyers are purchasing at an unusually low rate due to tighter credit standards, and many potential sellers simply don't want to list until prices rise more substantially." This is pretty accurate , IMO. not a "normal" recovery in housing at all. fed stampeding investors into residential real estate in search of yield. I still see the upper end($1,000,000+ dropping) wile the lower end is rising(due to investor cash buyers). No "move up" buyers at all. I know many that would love to downsize from their $1,000,000 plus homes but there are too few buyers. With TNX pushing 2%, that can only mean Wall st. is in full on sell mode in bonds, the fed bailing them out ahead of the bond collapse. Gold doesn't seem to like rising yields. I wonder what "investors will think of their 5% rental yields when bonds yield 6% and there are no more "investors" with cash to buy their rentals?