Here in California, people are holding pretty firm to their prices. There are some distresses properties, but they are being bought up by investors -- so prices are holding pretty well.
What's it like in your neightborhood?
Are there lots of homes for sale on your street?
Has you loan been reset (gone higher) due to interest?
Are you going to be selling or buying this year?
Do you prefer to rent rather than own at this time?
Go to Zillow.com and type in your address. Is your home currently worth more or less than you thought?
Outright fraud? Or, ''I'm too stupid to read the fine print and comprehend''-type 'fraud'.
The stats are meaningless w/o the definition.
Chicken vs. Egg
Fraud by whom? It takes a minimum of two perps. However, I am certain that the mob and rabble will hold Bush responsible and demand a Guv'mint bailout!!!!!!!!!
Actually, “Section 8” has wrecked the real estate market a lot more than “fraud”...but then again, I consider “Section 8” to be “fraud” on the American taxpayers...
Down here in FL I can tell you what wrecked it. Exorbant homeowner’s insurance. Why sell your NY house to retire “cheaply” when your house insurance is $4000 a year for a very small house with no flood insurance?
That's the problem right there. The government uses and subsidizes housing so that it pushes demand in our economy. Investment and technology along with supply side economics should be what drives our economy.
BTW, online polls are worthless.
This is silly. If mortgage fraud wrecked, then mortgage fraud is also what drove it up to the point of wrecking.
I.E. without mortgage fraud, perhaps it would not have crashed like it has in some places. But, it never would have gotten to those heights in the first place.
This reminds me of the Enron stockholders who sued Enron for saying the fraud caused their losses from the peak. Of course, it was the fraud that pushed the stock up high to begin with.
I’m going to be buying a home this year.
I recently sold and I found the market to be quite good.
There are many really good real estate markets in the US. I hope your neighborhood is one of them.
(This wasn’t supposed to be a political thread. The Bush years made me prosperous — especially in real estate.)
“More than three out of four Americans believe mortgage fraud wrecked the booming real estate market, according to a poll conducted by Housing Predictor.com, an information driven web site, which forecasts local housing markets in all 50 U.S. States.”
If 75% of the American people actully believe that, then the level of that false belief is due 100% to the stupidity of the LamestreamMedia and its ability to mis-inform the public and wantonly drive its liberal agenda.
Despite the increase in mortgage fraud cases and the resulting hike in foreclosures, 13 states have at least some local housing markets which are performing strongly and are appreciating. Housing Predictor forecast in early March that the number of appreciating markets will increase to include more housing markets by late summer.Housing Predictor regularly surveys visitors for their opinions on crucial economic issues related to real estate, widely considered as the single largest driving force of the U.S. economy. Some 68% of the nation’s population are now homeowners, an all-time high.
This good news IS a result of the Bush economic policies.
Apparently more than three out of four Americans are even more ignorant than I thought....
Zillow isn’t that great. Even after four or five attempts to correct their errors, they still show my home as missing one and a half baths (I have 3 full as originally built, they show 1 1/2) and one bedroom.
How accurate is this Zillow? It is showing a steep appreciation since I bought.