eric | Shared With: Everyone - Jul 17 2006 | property, investment, retirement, living, housing
Save a little and move to one of these 150 places.
Quoted: The secret to life in the 21st century: Live where you want and do the work you want. Here's how, and where.
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housing
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There's no doubt that the mortgage crisis triggered this downturn in the real estate market. The latest news that the gov't stepped in to save Fannie Mae and Freddie Mac caused mortgage rates to drop by nearly 1% yesterday. Problem isn't just the rates, it's also the difficulty with which buyers are having getting approved for loans, as well as general reluctance to buy before the perceived bottom of the market has hit.
Aside from general price destabilization, increasing amounts of short-sale and foreclosure properties, both of which are priced well below market value, affect overall pricing stats as well.
1 FaverViewed: 4 TimesQuoted: Real-estate brokers said the August numbers reflect more willingness on the part of more, but hardly all, sellers to ask less for their houses to increase the odds they will find buyers
- derek - Aug 21 20082 FaversViewed: 5 Times
- Rich - Jul 24 20081 FaverViewed: 12 Times
