A Theory of Mine. Is it a possible cause for inflated home prices? - 09/29/08 12:50 PM
A couple years ago I thought about something. I have look at a lot of stats from my MLS, but could not conclude if I was correct in my thinking.
 
Here goes. Inflation or appreciation in homes consist of many factors. One factor I thought was artifically inflating home prices was 100% financing. I am sure you know the scenario. Your buyers go to the lender and you find out that they don't have any money. Well maybe at least earnest money. That's okay, 100% financing. You show houses, find one and you write it up, for full price plus … (0 comments)

Golden Age to Dark Ages - 09/25/08 05:44 PM
When I started in Real Estate it was the "Golden Age". Phones rang, buyers looked, multiple offers came, lenders loaned, sellers sold and life was good. After 4 years I have seen a lot. Today is a whole new age. Granted we have very low rates and now homes are more affordable than ever but what happened?
Credit is good, but does it become a false sense of security? When everything is bought on credit who ends up paying. The banks do. But what happens when the banks aren't paid? Well then the feds buy them. Where does the fed get … (17 comments)

 
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Trevor Elliott

Salem, OR

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RE/MAX Integrity

Address: 2110 Mission St SE Suite 310, Salem, Or, 97302

Office Phone: (503) 371-5132

Cell Phone: (503) 602-1039

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