Quote:
Originally Posted by gregclauss
is it just me or does it seem like there are a ton of newer houses for sale in rigby sitting with no sales ? is SE idaho slowing down for realestate prices like the rest of the country ? it seems like pocatello inventory is going up i dont have figures for the IF area
|
Actually, I was at my hairdresser yesterday up in Rigby and she'd just had this very conversation with a mortgage lender.
What's happening is rather than folks going through a bank where your credit must be stellar, they are going through a mortgage lender and basically being "over" qualified as for living within their means and they go out and buy a home they qualify for and it's starting to bite folks in the rear. That's why so many are going up for sale right now. Some are getting caught up in either doing an interest only loan or an ARM and both are quite dangerous for the buyer in the big picture
It's easy to be tempted, also as easy to become house poor.
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
rigby housing
Linear Mode
