Comments on: Growing Housing Supply Fueled by Foreclosures http://www.totalmortgage.com/blog/mortgage-rates/growing-housing-supply-fueled-by-foreclosures/5155 View the lowest rates we have to offer. Thu, 09 Feb 2012 02:25:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Hank Rearden http://www.totalmortgage.com/blog/mortgage-rates/growing-housing-supply-fueled-by-foreclosures/5155/comment-page-1#comment-2625 Hank Rearden Tue, 15 Feb 2011 23:11:29 +0000 http://www.totalmortgage.com/blog/?p=5155#comment-2625 Hello - great site! Question: When I hear the term "existing inventory" does that include those homes that are in foreclosure? Does it include anything else? Thanks Hello – great site! Question: When I hear the term “existing inventory” does that include those homes that are in foreclosure? Does it include anything else?

Thanks

]]> By: lawgrace http://www.totalmortgage.com/blog/mortgage-rates/growing-housing-supply-fueled-by-foreclosures/5155/comment-page-1#comment-1993 lawgrace Sun, 15 Aug 2010 07:32:22 +0000 http://www.totalmortgage.com/blog/?p=5155#comment-1993 CASE IN POINT: FORECLOSURE MILLS, JUDICIAL FRAUD, CONSUMER EXPLOITATION, GOVERNMENT SHAMS “Media headlines are abuzz with what is going down with foreclosure mills in Florida, particularly foreclosure mill baron, Attorney David J. Stern. Unscrupulous foreclosures are more criminally exploitive than what becomes reported; it is not easy to detect nor prove. Even so, appalling collection abuses have resulted in . . .” CASE IN POINT: FORECLOSURE MILLS, JUDICIAL FRAUD, CONSUMER EXPLOITATION, GOVERNMENT SHAMS

“Media headlines are abuzz with what is going down with foreclosure mills in Florida, particularly foreclosure mill baron, Attorney David J. Stern. Unscrupulous foreclosures are more criminally exploitive than what becomes reported; it is not easy to detect nor prove. Even so, appalling collection abuses have resulted in . . .”

]]> By: Tarek http://www.totalmortgage.com/blog/mortgage-rates/growing-housing-supply-fueled-by-foreclosures/5155/comment-page-1#comment-1967 Tarek Mon, 02 Aug 2010 21:59:06 +0000 http://www.totalmortgage.com/blog/?p=5155#comment-1967 I know many homeowners are dreading the downturn in house prices but it has to happen. Our country experienced an economic boom when the housing market was on fire. Unemployment was low because of the high demand for new construction. A wide range of business are influenced by new construction. All this happened because people were purchasing homes quite easily. The problem wasn't that purchasing real estate was easy the problem was that purchases were made under false conditions. People bought houses that were beyond their means. The difficult bit about purchasing houses in the boom was finding a house that was within one's purchasing power. Everything was extremely overpriced. I find it odd that many are hoping that real estate remains overpriced. Sure prices have come down since their 2006 high, but real estate is still beyond the reach of many hard working people. The only way our economy will pick up is if housing drops to a point where many can realistic consider purchasing a house. As long as house prices remain at realistically affordable levels there will be a demand for new construction and with construction new jobs, jobs that will spread and affect other industries. It's a difficult path to recovery, but as long as houses remain beyond the reach of many, you will have construction and all the jobs related to it sitting and waiting. Something needs to happen with the housing market and it depends on affordability. We either all get massive raises or housing comes down to a level where the rest of us can afford to purchase a real estate. If the price of housing continues to go up then you can bet we aren't going anywhere with the economic recovery and you'll just see more people sitting out on owning a home. I know many homeowners are dreading the downturn in house prices but it has to happen. Our country experienced an economic boom when the housing market was on fire. Unemployment was low because of the high demand for new construction. A wide range of business are influenced by new construction. All this happened because people were purchasing homes quite easily. The problem wasn’t that purchasing real estate was easy the problem was that purchases were made under false conditions. People bought houses that were beyond their means. The difficult bit about purchasing houses in the boom was finding a house that was within one’s purchasing power. Everything was extremely overpriced. I find it odd that many are hoping that real estate remains overpriced. Sure prices have come down since their 2006 high, but real estate is still beyond the reach of many hard working people. The only way our economy will pick up is if housing drops to a point where many can realistic consider purchasing a house. As long as house prices remain at realistically affordable levels there will be a demand for new construction and with construction new jobs, jobs that will spread and affect other industries. It’s a difficult path to recovery, but as long as houses remain beyond the reach of many, you will have construction and all the jobs related to it sitting and waiting. Something needs to happen with the housing market and it depends on affordability. We either all get massive raises or housing comes down to a level where the rest of us can afford to purchase a real estate. If the price of housing continues to go up then you can bet we aren’t going anywhere with the economic recovery and you’ll just see more people sitting out on owning a home.

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