Articles Archive for 24 December 2011
Account For Change, Your Financial Fitness »
“From now thru end of 2014, or even 2015, there are going to be over a million properties that are bank owned, in other words, REO properties. And what that tells you is, at least from the supply side, is that there’s an enormous amount of housing that is out there ready to be consumed, so to speak. And unless there’s a corresponding increase in demand, you can count on the fact that house prices will be under serious downward pressure.”
Translated into losses in terms of the national average that you …
