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February Numbers

AlanAlan
edited March 2007 in Housing Bubble
Are sales increasing as all of the specuvestors make a last ditch grab at easy credit before the whole lending industry shuts down?

Are pending sales increasing faster than closed sales because the time to close is increasing as lenders examine the deals more closely?

Comments

  • meshugymeshugy
    Alan wrote:
    Are sales increasing as all of the specuvestors make a last ditch grab at easy credit before the whole lending industry shuts down?

    Are pending sales increasing faster than closed sales because the time to close is increasing as lenders examine the deals more closely?

    Actually, sales increase every February. It's just a normal late Winter/Early Spring sales cycle.

    'm
  • MatthewMatthew
    I'm going to have to (GULP) agree with Shug. The lending implosion is happening so fast that I doubt any of these people are rushing in to get a last minute 0 down loan, as most people are probably not aware of the situation. More likely, people will be looking to buy come spring time, and will be shocked to learn that they need to put 30,000 down on their new town house!

    Where are we going to get 30k???? Oh no honey, we aren't going to be able to afford our dream home! This is outrageous!
  • Lake Hills RenterLake Hills Renter
    They'll be priced out forever!!
  • witzendwitzend
    Yep priced out forever! It's their own fault though. Man will they be pissed to find themselves as the "serfs" of the new economy. And all the realtors wanted for them was to help them realize the American dream! You can lead a horse to water, you know.
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