. So in the short-term, demand has increased slightly in some areas, mostly suburbia.
As if that were not bad enough, collateral has been deteriorating generally, and this will eventually result in a credit crunch that will cause more restrictive lending prices and also drive up the costs of borrowing. That will not be good for the market for residential real estate, at all. As a side note, when crashes do occur in residential real estate markets they usually take a few years to fully bottom out. A glance at theconfirms what I believe from my own experience, which is that it often takes three to five years after the crash starts for home prices to reach their lowest lows before finally rebounding.
Figures released say Consumer spending increased...Here u say account for large Foreclosures....Always pushing Suckers to they buy high and not low
Gee I hope not ...let’s get back to work America!
J_Esqobar
This is why the govt/bank is keeping the covid scam around so long, hoping that they can just sit in limbo for years and not take those massive write downs. If 2M houses all hit the auctions those houses would sell for $20K or less, because that’s really all they’re worth.
Huh?
this is terrible news