Nothing has changed ??? Or has it?

we have not posted for awhile as we have watched the economic situation unfold. Please read back over the previous posts we have published since 2006 and you will see our current economic situation and the housing market is even worse than we thought it would be. For now in the Mortgage sector the garbage loans are pretty much gone (but they will be back because of greed) and it has become much harder to get a mortgage. The Feds cannot solve the housing market with money but as time goes on and the houses sell for more realistic prices the market will become more stable. There are a lot more rough roads ahead but be alert for the opportunities that may and will arise.

No Bottom in Sight for the housing Market

You might not want to be in too much of a hurry to buy a home right now as we are still far from the bottom. This article show us how much trouble the builders are in. Many more will go under along with many more banks this year. Be patient and stay awake. Time is on your side as a buyer. There will be a correction in the market when existing homeowners are forced into losing their homes or selling them at a price where the market demands are met. That is when the prices match the buyers,not the sellers, viewpoint of the value of the home.

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Are We Half Way Thru The Tunnel??

Is there any light showing in the tunnel yet? We still have a ways to go with the housing market as more homes will be foreclosed on in the coming months as job losses hit homeowners along with large increases in living expenses which will put many homeowners over the edge of being able to afford their home . Many of these home are under water value wise (they owe more than the home is worth) and homeowners will just let them go back to the bank. This could easily go on for another year. There is some light at the end of the tunnel and we may be halfway though it but it still is a long train ride and not very comfortable.

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How Long Should We Hold Our Breath?

Yes,we have heard it all before that the worse is over. This article gives you a idea that it may be a long ways from "over". You can and should expect to see many more banks go under and more financial problems in the coming months as the financial losses take their toll on the banks and they have to report huge losses which will suck many of them under. Hold your breath as long as you can because it may be awhile before the financial companies with all of these bad mortgages find any fresh air. www.rateinformer.com

Stress Cracks in The Economy

The economy is still fighting for air as it struggles to stay alive. Consumers are really feeling the expenses of just everyday living as they struggle at the grocery stores and the gas pumps. Owning a home is a MUCH bigger responsibility than ever before. Count the total cost of home ownership and buy what you can afford NOW not what you hope to be able to afford. Most homeowners bought way more home than they could afford because money was so easy to get. Now we are coming back down to earth. www.rateinformer.com

One More Domino (Bank) Falls Over

This article show us what still may lay ahead of us in regards to bank failures. Any expert who thinks we are nearing the end of the financial mess is living on another planet. www.rateinformer.com

The Mortgage Chaos is Worldwide

The mortgage mess has governments around the world spending hard earned TAXPAYERS dollars to TRY and bail out the banks with all the mortgages on their books that are giving them grief. This article certainly does give us a clue as to how bad things are in the financial markets. We fully expect to see bank failures around the country before the mortgage hurricane is its Category 5 damage. As qualifications for a mortgage continue to tighten it is making it harder and harder for future buyers to get into a home. This certainly is the right thing to do but it shows us how many previous buyers were never really qualified to buy a home as they are now once again renters. Home buyers need to save for a down payment and stop spending money with their credit cards that they DO NOT HAVE. www.rateinformer.com