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Arkansas is looking pretty good. Take a look this is very interesting and think about the questions. Take a sheet of paper and answers the questions.
Here is great graph showing the great effect all the money that has been thrown at housing is having. If you missed the news yesterday delinquencies rose to 14.69%. Their highest level in the fist quarter of 2010. Which means foreclosures should also go to their highest level probably third quarter of 2010 which then translate into a bottom of the real estate market 2nd quarter 2011 maybe 3rd quarter 2011 depending on how fast the lenders bring inventory to market. Right now the estimate is 4.3 million seriously delinquent loans if 50% are foreclosed on and brought to market each of the next two years that is approximately 50% of the home sales in each of those two years. Several question come from this information you may want to ask yourself.
#1 do you think prices will rise or fall with new additional foreclosed homes on the market?
#2 if prices fall will that create a slower resale market or a faster resale market?
#3 if prices fall how will this affect the new home construction business in terms of building units for sale?
#4 if new home construction stays at the levels that it currently is for the next two years what happens to all the businesses that supply construction?
#5 with no tax credits to "create" buyers how will this affect sales and prices?
#6 with unemployment projected at over 9% for all of 2011 how will this affect sales?
Thoughts to ponder before you run out to buy in the depressed areas because they are such a "good' buy
On a positive note only four states have a lower delinquency rate than Montana!!!!!
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