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Old 11-12-2015, 11:08 AM
 
12,973 posts, read 15,802,978 times
Reputation: 5478

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Yeah. The last reset turned out to be good if anything. It will depend on the index involved. Many of these people will end up with dropping or stable rates.

Unless there is a large increase in payment this will be a non event.
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Old 11-12-2015, 12:30 PM
 
28,803 posts, read 47,699,483 times
Reputation: 37905
Quote:
Originally Posted by Cold Warrior View Post
Maybe, but 'New terms on lines of credit don’t necessarily portend a new flood of distressed home sales. More than 700,000 lines, including 7,000 local loans, reset in 2014 without a corresponding jump in mortgage defaults, Blomquist noted.'
You're not supposed to bring that up. It goes against the negative Nancy's premise.
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Old 12-25-2015, 10:09 PM
 
3,598 posts, read 4,949,242 times
Reputation: 3169
Las Vegas is #9 on the hottest real estate markets in 2016.
Why? JOB GROWTH!

10 Hot Real Estate Markets To Watch In 2016
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Old 12-25-2015, 11:01 PM
 
7 posts, read 7,689 times
Reputation: 10
Quote:
Originally Posted by logline View Post
Las Vegas is #9 on the hottest real estate markets in 2016.
Why? JOB GROWTH!

10 Hot Real Estate Markets To Watch In 2016
Nice made up feel good story. The truth is there is no such thing as a "Hot" real estate market. The entire country is not selling. Oh, there are still home's selling here and there. But for most people no one has the money right now in spite of what this web site maintains, things are not that good in the ol U.S. of A.
And the new mortgage rules have only made things worse. The Fed just raised interest rates, economy is slowing world wide. No one cares anymore about Real Estate.
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Old 12-26-2015, 05:52 AM
 
743 posts, read 968,579 times
Reputation: 531
Quote:
Originally Posted by moving back home View Post
Nice made up feel good story. The truth is there is no such thing as a "Hot" real estate market. The entire country is not selling. Oh, there are still home's selling here and there. But for most people no one has the money right now in spite of what this web site maintains, things are not that good in the ol U.S. of A.
And the new mortgage rules have only made things worse. The Fed just raised interest rates, economy is slowing world wide. No one cares anymore about Real Estate.
Crazy post.
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Old 12-26-2015, 08:47 AM
 
Location: Paranoid State
13,044 posts, read 13,867,365 times
Reputation: 15839
A few days ago, a high end realtor lamented that everything above $5 million was dead in the water -- customers are building instead of buying.
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Old 12-26-2015, 09:21 AM
EA
 
Location: Las Vegas
6,791 posts, read 7,117,601 times
Reputation: 7580
If I had the money for a 5 million dollar house I'd want it exactly how I wanted it too.
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Old 12-26-2015, 11:39 AM
 
7 posts, read 7,689 times
Reputation: 10
Quote:
Originally Posted by aardogfsu View Post
Crazy post.
Momentum has changed. QE drove up asset prices, including real estate prices. Without further QE there is no price appreciation. Rates are rising, seriously, who cares about Real Estate now.
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Old 12-26-2015, 12:55 PM
 
15,850 posts, read 14,479,382 times
Reputation: 11948
Show some data to back this up. I'm not saying your wrong, but if you're aren't, there will be numbers out there to back you up.

Quote:
Originally Posted by moving back home View Post
Nice made up feel good story. The truth is there is no such thing as a "Hot" real estate market. The entire country is not selling. Oh, there are still home's selling here and there. But for most people no one has the money right now in spite of what this web site maintains, things are not that good in the ol U.S. of A.
And the new mortgage rules have only made things worse. The Fed just raised interest rates, economy is slowing world wide. No one cares anymore about Real Estate.
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Old 12-26-2015, 12:57 PM
 
3,598 posts, read 4,949,242 times
Reputation: 3169
Quote:
Originally Posted by moving back home View Post
Momentum has changed. QE drove up asset prices, including real estate prices. Without further QE there is no price appreciation. Rates are rising, seriously, who cares about Real Estate now.
Tell us what happened to housing prices the last time rates rose in the 80's. Please provide graphs to support your thesis.

(this should be good)
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