Real estate blog entries tagged with blog by Jeremy Butts

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Home : Blogs : Jeremy Butts - Investor : The Louisville Homebuyer : Tag "blog"

blog: Will Prices Continue To Decline? - 07/16/08 11:18 AM

FORECLOSURE DISCOUNTS: Even with the Feds trying to help homeowners 'keep their homes' (in other words, help banks 'save their shirts'), only a small percentage of people are qualifying for loan modifications. Then, after qualifying, only a small percentage are maintaining their new loan. As a result, many homes sell at discounted prices before auction, at auction, or they sit vacant which increases the supply. Home values decline.
LENDING STANDARDS: When it was easier to borrow money, more people baught homes, which decreased the supply. As we speak, lenders and federal regulators are making it tougher to borrow money, so fewer homes are selling. … (3 comments)

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Jeremy Butts - Investor

Louisville, KY

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