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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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GREAT news for future homebuyers with good credit
CNN Money link
the biggest impact of the subprime crisis will undoubtedly be on home prices. Because fewer Americans will be able to obtain financing, fewer will be in the market for homes.
And, the number of people losing their homes through foreclosure or forced sale will also add to the housing market supply. Prices, already stagnant or falling in many areas, will face more downward pressure from increased inventories.
The bottom line is that, for solvent home buyers at least, the next several months look very bright. Lenders will be competing more for their business; low mortgage rates are unlikely to go up; and home prices in many areas will go down.
The subprime crisis could be that proverbial ill wind that blows some good. It may produce some of the best conditions for home buyers in a while.
But only if their credit is in prime condition.
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Posted 3/30/07 7:56 PM  |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: GREAT news for future homebuyers with good credit
yep- that's what Jake said
so glad we waited- and didn't buy at the peak
we will have money $$$ saved and we will get a great deal on a house
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| Posted 3/30/07 9:11 PM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: GREAT news for future homebuyers with good credit
Woo hoo! This is good news for us too. Thanks for posting it.
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| Posted 3/30/07 9:16 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: GREAT news for future homebuyers with good credit
it's not really the end of the world if you already bought a house and want to sell
b/c you will still be saving on the next house
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| Posted 3/30/07 9:23 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: GREAT news for future homebuyers with good credit
I'm trying not to get my hopes up about this! but it would be amazing!!!!!!!!!!!!!!!!!! 
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| Posted 3/30/07 10:10 PM |
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skew
LIF Adult
Member since 5/05 6794 total posts
Name:
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Re: GREAT news for future homebuyers with good credit
Posted by Beth1210
it's not really the end of the world if you already bought a house and want to sell
b/c you will still be saving on the next house
although one may "save" on a new house, you are omitting the other half of the equation. if one bought during peak (inflated/increased prices) and needs to sell now, they will be forced to sell at a reduced price in order to compete w/ the other homes on the market.
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| Posted 3/31/07 10:12 AM |
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MrsPornStar
Partners in crime
Member since 10/05 14656 total posts
Name:
Mama
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Re: GREAT news for future homebuyers with good credit
That is great! DH and I just watched a segment about this on CNN this morning. It gives us hope!
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| Posted 3/31/07 12:03 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: GREAT news for future homebuyers with good credit
Posted by skew
Posted by Beth1210
it's not really the end of the world if you already bought a house and want to sell
b/c you will still be saving on the next house
although one may "save" on a new house, you are omitting the other half of the equation. if one bought during peak (inflated/increased prices) and needs to sell now, they will be forced to sell at a reduced price in order to compete w/ the other homes on the market.
I was thinking over people who bought before the peak- sorry
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| Posted 3/31/07 1:06 PM |
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Rieslinglady
LIF Zygote
Member since 3/07 39 total posts
Name:
Danielle
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Re: GREAT news for future homebuyers with good credit
Yay!! Good mortgage news!
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| Posted 3/31/07 10:43 PM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: GREAT news for future homebuyers with good credit
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| Posted 3/31/07 11:46 PM |
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