2007-07-18 08:59:15 · 5 answers · asked by marketinsider 1 in Business & Finance ➔ Renting & Real Estate
It is just in it's infancy stage, now people with good credit are starting to get hit with foreclosures. Housing, and energy have risen at double digit inflation rates, while wages have been for the most part stagnant, that and people used their home like a giant ATM machine, prices will be dropping further as more homes glut the market, and the availability of eligible buyers drop
2007-07-18 09:46:35 · answer #1 · answered by Pengy 7 · 0⤊ 0⤋
I've been thropugh a few of these cycles. It is just starting. It will get much worse ovet he next 12 months before it has a chance to get better.
2007-07-18 16:10:14 · answer #2 · answered by rlloydevans 4 · 1⤊ 0⤋
It's moving over to the A paper...... 100 Lenders are out of business as of today, from Jan.1,2007
2007-07-18 16:13:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think it is just starting and it's going to get a lot worse before it gets better.
2007-07-18 16:02:52 · answer #4 · answered by sortaclarksville 5 · 2⤊ 0⤋
in the middle
2007-07-18 16:03:03 · answer #5 · answered by PuCcI 3 · 0⤊ 0⤋