driftwood2

Values Have Dropped Less than 25% of the Fall Required to Reach Trend Status

House prices have fallen by WAY more than 6%. This data is BS.

What's Really Going on With Foreclosures?

Although there is certainly a backlog of foreclosures that is holding up property from appearing on the market, I do not think that is the only thing going on. There is definitely some sort of hoarding or delaying going on. In the summer of 2008, a HUGE number of subprime foreclosures suddenly appeared in my market. I was looking for a house at the time and still am. Now, most of those houses have sold and there are much fewer foreclosures available. There has not been a huge number of new foreclosures to replace those earlier foreclosures.

Alt-A Mortgages: The New Subprime Meltdown?

People should also keep in mind that Option Arms are mostly located in california and a few adjacent states. It's going to get very ugly over there. The rest of the nation will have a much easier time with residential real estate since they only have alt-a resets to deal with going forward. Unfortunately, commercial real estate will be a big problem soon.

Housing Bubble: The Sequel

I don't see how a mere $8000 can induce another bubble to happen. At most, it will slow down the decline in prices a little bit.

Bad Bank Loans at Extreme Levels

Commercial real estate is going to be a disaster and that disaster is only beginning. Even though the underwriting standards of commercial real estate never were as bad as those for residential real estate, commercial re holders will not balk at walking away from their mortgages the moment it becomes profitable for them to do so.