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housing market: Housing Lessons-Have We Learned? - 06/15/10 07:14 AM
The Housing Bubble began in the Bay Area around 1996. That’s when home prices starting growing faster than inflation and faster than rents. By the late 90’s, people really took notice. By 2002, the movement took hold. By 2004, housing mania had become a full-blown religion.   Many things that were accepted as true in the bubble-times are no longer so. But for a generation that came of age during the bubble, these bubble-truths are the only real estate truths we know. Tearing them down is to tear at the core of our economic value system, directly challenging the reasons we’ve chosen to live the lives that … (1 comments)

housing market: Walking Away From Your Home Loan - 05/27/10 09:02 AM
 
Real estate market
Sad but true numbers tell the story in real estate:
26% of homeowners defaulted when they could afford to pay their loan.
11.3 million … number of U.S. homeowners whose mortgage balance exceeds the value of their home.
2015 is the year the typical homeowner who is now underwater will have some equity in his home.
14% is the average discount on a home sold by foreclosure vs. its equivalent in a traditional sale.
150 Credit score points that someone with a 780 score could lose are a short sale.
760 credit score you need to qualify … (2 comments)

 

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