pageoneresults - 2:27 pm on Aug 11, 2007 (gmt 0)

Greenspan... Endorsement of Subprime?
[realonomics.net...]

The losses are going to be phenomenal…my guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority.

Company is seeing home price depreciation at levels not seen since the Great Depression.

While some may say the stability in prices is an indication that the bottom may be near, I say it is the major problem facing the market. With inventories so high and sales so weak, unless people start pulling homes off the market, the overhang will remain.

I do follow the market on occassion. I have a client who invests heavily in the Real Estate market and he keeps me up to date on the "latest scoops" in the industry. Based on what he tells me, allows me to make decisions with my real estate investments.

On 2007-08-03 the market apparently took a 18% hit. What some are calling Black Friday in the Real Estate industry.

I know we have quite a few Webmasters here who focus on this industry and I'm wondering what your plans are based on the current state of the market?

2007-07-24 - California Foreclosure Activity Continues to Rise
[dqnews.com...]

Lenders filed 53,943 Notices of Default (NoDs) during the April-through-June period. That was up 15.4 percent from 46,760 for the previous quarter, and up 158.0 percent from 20,909 for second-quarter 2006, according to DataQuick Information Systems of La Jolla.

Yikes! If that isn't what they call "The writing on the wall".

I guess Fannie Mae is a major focal point in this transition for the Real Estate industry. There are changes taking place that may have a major negative impact on independent Real Estate Agents.

My understanding is that there is going to be a major fallout for Independents over the next 12-18 months. Loans are going to be given but only under strict circumstances and under the same guidelines that were used in the 1970's. Everything will now need to be verified and if you cannot afford the payment, you won't be getting the loan, bottom line.

So, for those of you who are in the Real Estate SEO sectors (Independents), what are your plans for the future? If I'm not mistaken, this is the biggest news to hit the Real Estate industry in quite some time.

Company is seeing home price depreciation at levels not seen since the Great Depression.

[edited by: encyclo at 2:16 pm (utc) on Aug. 12, 2007]
[edit reason] fixed links [/edit]