You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Housing Rolling Along 2
- Thread starter Covertibility
- Start date
My wife work for Putle Homes Mortgage Banking division.......they are pojecting a decrease in home sales next year. They aren't replacing some empolyees that are quitting or are fired. They keep only the A paper and broker out all the BS loans to willing brokers.
Here in Denver, we have had a soft market for some time now. We moved here knowing that, our market appreciates about 2-3% per year so while we won't have a pop, I could see us having an even more difficult time selling if we decide to.
I was encouraged to take an ARM or an adjustable when we purchased a couple of years ago, but I wouldn't allow us to be suckered into that.
Here in Denver, we have had a soft market for some time now. We moved here knowing that, our market appreciates about 2-3% per year so while we won't have a pop, I could see us having an even more difficult time selling if we decide to.
I was encouraged to take an ARM or an adjustable when we purchased a couple of years ago, but I wouldn't allow us to be suckered into that.
Quote from dandxg:
My wife work for Putle Homes Mortgage Banking division.......they are pojecting a decrease in home sales next year. They aren't replacing some empolyees that are quitting or are fired. They keep only the A paper and broker out all the BS loans to willing brokers.
Here in Denver, we have had a soft market for some time now. We moved here knowing that, our market appreciates about 2-3% per year so while we won't have a pop, I could see us having an even more difficult time selling if we decide to.
I was encouraged to take an ARM or an adjustable when we purchased a couple of years ago, but I wouldn't allow us to be suckered into that.
Markets like Denver and other slow grow markets will probably be OK. They dont move much and have a relatively stable housing market = although denver has seen appreciation balloon as well, particularly in the areas in the foothills up I 70.
The problem areas are places where over the last 7 years there have been 300-500 percent gains. Anyone that did not take their gain in these markets and doesn't plan to hold for several years is in for a rude awakening come next year.
TOL Ceo must be getting paid well, otherwise the guy would be making a killing in used car sales.
spoke again this morning.
spoke again this morning.
miami inventories keep on rising.
http://www.benengebreth.org/housingtracker/location/Florida/Miami/
http://www.benengebreth.org/housingtracker/location/Florida/Miami/
Quote from prt_systems:
Markets like Denver and other slow grow markets will probably be OK. They dont move much and have a relatively stable housing market = although denver has seen appreciation balloon as well, particularly in the areas in the foothills up I 70.
The problem areas are places where over the last 7 years there have been 300-500 percent gains. Anyone that did not take their gain in these markets and doesn't plan to hold for several years is in for a rude awakening come next year.
I agree..sort of. Yes the fastest growing areas will be hardest hit...but colorado is pretty much up there. no Fl, CA, or NY..but high. My sister had a 1600 sq fot house for $350 that was no big deal. Then you have places like Aspen....I used to spend all my summers there so i am pretty familiar with colorado.
I think COlorado my have a bit of a set back as well.
Quote from dac8555:
I agree..sort of. Yes the fastest growing areas will be hardest hit...but colorado is pretty much up there. no Fl, CA, or NY..but high. My sister had a 1600 sq fot house for $350 that was no big deal. Then you have places like Aspen....I used to spend all my summers there so i am pretty familiar with colorado.
I think COlorado my have a bit of a set back as well.
set back yes but not as severe as the areas where there has been much more speculation ... this is what I meant by "OK " ... a modest reduction.