Who are Ray and Linda?
Self Help Audio Tracks

Blog Archives

Saturday, January 17th, 2009

Future pricing and style trends in real estate

Real Estate – January 17, 2009

How we get these Future News Predictions

Find out how these predictions will affect you

Real estate will become a burden to a lot of people.  Right about now, the people who maxed out their credit lines against their growing real estate asset are in a quandary.  Some owe more to the bank than the real estate is worth and are up-side-down on their equity.  More and more banks will be imposing an appraisal of the property to determine its value. Once this occurs the banks will see that some of the properties are not worth what they are owned. Then they will take one or two actions. Either call in the amount of over extension on the credit lines to bring the property in line with its value or they will foreclose on the property. Most people will be foreclosed on since they do not have the cash to become whole in the property.  Only people with smaller first mortgages and where the value of the property exceeds the appraisal will still be able to keep their homes.  While this is happening in 2009 the real price of all real estate commercial and residential will continue falling.  We have said previously that you can expect prices to fall again in 2009 by at least another 15 to 20 percent and that is just for 2009.Continue reading »

Tags: , , ,
Categories Members Only, Real Estate |
Posted By: RayLinda
Email • Permalink • Comments (0)

Password Reset

Please enter your e-mail address. You will receive a new password via e-mail.