Roughly one in every seven mortgages either was past due or in foreclosure by the end of the third quarter-the highest delinquency rate in the 37-year history of the Mortgage Bankers Association's National Delinquency Survey.  Two factors are expected to drive delinquencies even higher next year: Underwater homeowners and unemployment.  Nearly one in four homeowners currently owes more on their mortgage than their home currently is worth, and additional job losses could mean more borrowers will be unable to meet their mortgage obligations

 

  • The performance of the national housing market is much less important than the local real estate market, and sales and pricing trends will vary a great deal from one area to the next.  Some real estate industry experts forecast home prices in certain areas to continue their descent, while others will experience increases. Seek the advice of your local real estate agent.

Being a real estate broker takes on the form of leadership. The agent/broker role is to lead the client through the home purchase or sales process and serving them with the highest customer service standards. Crescent Moon Realty, Inc & Land N Sea Auction goal is to help the client achieve as many of their goals as possible - so that both parties feel that they are in a win-win.

Find out the benefits to selling or buying a home traditionally or non traditionally ---Contact us @ 1-760-650-2157 Or visit our websites @ www.LandNSeaAuctions.com or CrescentMoonRealty.biz.

Lorraine or Loretta

 
This post has been included in California Real Estate News San Diego County, CA Real Estate News San Marcos, CA Real Estate News
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4 Comments on Two Factors Will Drive 2010 Delinquencies/Foreclosures.

DEC
27
2009

I also am reading that it will eventually get to fifty percent underwater!
10:20pm • #1
DEC
28
2009
486,374 Points 3 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Christine:

Unbeleivable, some information sources that are popular in our area, are saying that we will not see the light at the end of the tunnel until 2015.
7:29am • #2
402,651 Points 29 Featured Posts Outside Blog

Lorraine and Loretta,

Those statistics are very frightening and sad....it's not that bad here in Ontario CAN, however there are many homeowners facing financial difficulty.

Jo
8:02am • #3
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Jo:

We find that the so many hidden factors---will be coming to the surface that will impact our local California economy. I am glad to hear that Canada is not facing some of these challenges.
8:51am • #4


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Lorraine or Loretta Kratz-Certified Negotiation Consultants

San Marcos, CA

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Crescent Moon Realty, Inc. & Land N Sea Auctions.

Office Phone: (760) 650-2157

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