It may be a source of much hilarity here on FR but people trying to sell their houses right now aren't feeling so good. Those with option ARMS are feeling poorly also.
I'm laughing at the people who think a 1.2% decline is a crash, not at people who can't sell.
Those with option ARMS are feeling poorly also.
30 year fixed mortgages are at 8 month lows, for those who qualify.
Who buys a home one year and sells it the next? If you buy a home you should expect to hold on to it at least of few years. Unless you have a company who pays for your relocation, you should be renting if you are only staying a year or so.
Yeah. They can only get twice what they bought it for six years ago instead of three times as much.
I'm cryin'...