Judy Weil

California Housing Recovery? Not So Fast

Hi RAL,
I agree that it would be best to wait for Q4 results to determine the trend. October-November's events in the stock market cannot have done good for real estate anywhere, whatever trends were emerging before that.
Having said that, you might want to look at John Mauldin's Frontline Weekly newsletter. One interesting point he makes is about the new wave of defaults we've been expecting in the wake of re-setting ARM loans. Mauldin says that-- at least in the near term-- those loan rates will reset lower. Most are linked to LIBOR or treasuries, and those rates are down considerably from 2006.
Worth a read: www.frontlinethoughts....
All the best,
Judy