real estate market?

Answer 1

Here's a story that came out this week that might explain the current real estate market and their predictions for the next year. I hope this helps!



Countrywide says housing slump has a year to go
Tuesday November 14, 1:00 pm ET

NEW YORK (Reuters) - The slowdown of the U.S. housing market will last through 2007 as inventories are pared enough to prompt a change in consumer psychology, the chief executive officer of the nation's biggest mortgage lender said on Tuesday.

Mortgage lending has slowed as rising inventories in the housing market led to a "hard landing" for the industry after a decade of strong growth, Countrywide Financial Corp. (NYSE:CFC - News) CEO Angelo Mozilo said at a Merrill Lynch & Co. conference in New York.

"We have another year of adjustment, or transition" in the industry until consumers believe home prices won't decline, Mozilo said. "Various events will make the change take place and one of them is" a decline in available homes, he said.

Mozilo said he expects the industry will see lending volume grow progressively from 2008 to 2010 because of a build-up of demand. Until then, the industry will continue to consolidate and eliminate excess capacities.

Calabasas, California-based Countrywide last week said it has funded $375 billion in residential mortgage loans in the year through October, down 7 percent from the same period of 2005. Its pipeline of mortgages that haven't yet closed totaled $61 billion in October, down 14 percent from a year earlier.

Countrywide has also said it would trim more than $500 million of annual costs by year end, in part by firing more than 2,500 employees.

Answer 2

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Land Marketing Tools Exposed

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Answer 3

Buyers market is situation where the supply is more then the demand whereas the sellers market is just opposite to it. They both are the terms which are used to describe the real estate marketing.

Answer 4

Do you want join restate market or buy a house lease one rent one what is it

Answer 5

Is built on a house of card like Enron.

http://www.breakingbubble.com/index.htm

Answer 6

what the heck kind of question is that? You want us to confirm that there is such a thing? What we think about it? Where? United States? Abu Dhabi?