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home values: Real estate market trends - prices move with number of qualified buyers - 08/16/08 08:30 PM
The real estate market has changed fundamentally over the past several months, culminating in the recent landmark federal legislation - the housing law and the Federal Reserve predatory lending policies. At one time, I made the statement that anyone could buy a home as long as everyone involved was willing to make necessary concessions.
These concessions might include a seller second, seller paid closing costs, higher interest rate, and sometimes waiting for a few months.
The statement that anyone could buy a home was based on loan programs that had lowered credit requirements, documentation requirements, and equity requirements.
The larger economic impact of … (7 comments)
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home values: Video Home Price RollerCoaster - Shiller Home Price Index 1890 to 2007 - 08/06/08 09:59 PM
It is a roller coast visualization of home prices since 1890.
I came across this while preparing for an upcoming FTHB seminar this weekend. You have to watch it.
Robert Shiller of Home Price Index fame . I have not followed him, but I plan on adding him to my regular reading list. (A list much expanded since joining AR). He seems to have more than a clue.
The years are indicated periodically in the lower left blue bottom of the video.
Home Price Roller Coaster http://www.speculativebubble.com/videos/real-estate-roller-coaster.php
The video was on this blog.
http://www.consumerismcommentary.com/category/real-estate/
Of course there was an Active Rain … (6 comments)
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Richard Smith FHA VA Rural Development in TN GA
Chattanooga,
TN
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