Home prices top out?
Cost of new houses levels off in area after meteoric rise
By Andrew LePage -- Bee Staff Writer
Published 2:15 am PDT Friday, October 7, 2005
Story appeared on Page A1 of The Bee
Price appreciation for new homes in the Sacramento area has slowed to
a crawl, with more
Prices in London fell by 0.1 per cent in September, according to the
latest report from Hometrack...
London The average house price in London now stands at £261,000, down
from £274,200 in July 2004, an annual decline of -4.6 per cent.
Out of all 33 London boroughs, only six saw house price
Manhattan home prices drop
A report shows luxury apartments took hit in third quarter amid lower
sales activity
October 4, 2005: 8:11 AM EDT
Latest home prices for 149 markets
Refinance Rates Hit Record Lows
NEW YORK (CNN/Money) - Homes in Gotham got a little more affordable in
San Diego Housing Bubble Pops
Tuesday, October 04, 2005
Option Arm mortgages now account for over 75% of all mortgage
originations for the month of September. I have never seen anything
like this before.
I attended two mortgage conventions this month and every broker I
talked to said they were
This is Enron type financial thinking. It always
blows-up in the end.
--- akasha_108 [EMAIL PROTECTED] wrote:
San Diego Housing Bubble Pops
Tuesday, October 04, 2005
Option Arm mortgages now account for over 75% of all
mortgage
originations for the month of September. I have
never seen
--- In FairfieldLife@yahoogroups.com, Peter [EMAIL PROTECTED] wrote:
This is Enron type financial thinking. It always
blows-up in the end.
These Option ARMS are just aggressive leveraging and laxing of credit
standards. Enabled by lenders. All quite legal and transparent. Though
quite
Nonsense.
Mortgages are subject (by law) to a limit in interest rate
increases, so the most you could see after the 5 year term is up is
about 2%. It is not in the interest of the business of the mortgage
company to always put the highest legal rate up every year, because
you will just sell
--- In FairfieldLife@yahoogroups.com, off_world_beings [EMAIL PROTECTED]
wrote:
Nonsense.
And you base your apprisal on a review of loan agreements for Opriosn
ARMS? Option ARMS are quite a different animal than traditional ARMS.
To cite evidence about conventional ARMS as an argument about
--- In FairfieldLife@yahoogroups.com, akasha_108 [EMAIL PROTECTED] wrote:
--- In FairfieldLife@yahoogroups.com, off_world_beings
Are you implying such nationalities are stupid and will buy homes 30%
above prevailing market rates (if a bubble burst occurs). I thought
only certain eccentric
off_world_beings [EMAIL PROTECTED]
wrote:
Nonsense.
And you base your apprisal on a review of loan agreements for Option
ARMS? Option ARMS are quite a different animal than traditional ARMS.
To cite evidence about conventional ARMS as an argument about Option
ARMS is non-sensical.
Secondly:
--- In FairfieldLife@yahoogroups.com, off_world_beings [EMAIL PROTECTED]
wrote:
--- In FairfieldLife@yahoogroups.com, akasha_108 [EMAIL PROTECTED] wrote:
--- In FairfieldLife@yahoogroups.com, off_world_beings
Are you implying such nationalities are stupid and will buy homes 30%
above
--- In FairfieldLife@yahoogroups.com, akasha_108 [EMAIL PROTECTED]
wrote:
--- In FairfieldLife@yahoogroups.com, off_world_beings
[EMAIL PROTECTED]
wrote:
--- In FairfieldLife@yahoogroups.com, akasha_108 [EMAIL PROTECTED]
wrote:
--- In FairfieldLife@yahoogroups.com, off_world_beings
Are you implying such nationalities are stupid and will buy
homes 30% above prevailing market rates (if a bubble burst occurs).
I thought only certain eccentric Brits were that bonkers. :)
Why not, we do it all the time in other countries that are
poorer than us. Someone
I suggest you are not getting it, or simply poorly informed about
the
housing markets in the US. First, how will foreign invesors, as a
class, be richer if a global bubble occurs -- which is what what
I am suggesting.
The most ridiculous suggestion. There might be little green men on
Well, you certainly have an intresting POV. I hope it serves you well
and profitably.
--- In FairfieldLife@yahoogroups.com, off_world_beings [EMAIL PROTECTED]
wrote:
I suggest you are not getting it, or simply poorly informed about
the
housing markets in the US. First, how will foreign
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