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Originally Posted by RAM
Will next year be better or worse ?
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I think you will see the foreclosures slow down. The north east will continue to take a drop, in every area. While the west and south west, stable out, and many areas will continue to grow as they are now. Naturally the rental market should increase, even more so since 40% of the foreclosures are on property like apartment complexes.
Buying a house, will continue to get harder, not really harder just back to where it was before it got so easy. Good credit, 20% down, low dept ratio, market value is right, you will get the loan.
I also think the natural disaster issues we have had the last few years has had several different kinds of impacts on our eco and housing/bank issue. We are talking millions and millions of people, I wonder how much money has been displaced/lost. It has even prob helped some areas, I have no idea how to find this data.
We aren't at the bottom yet for getting some killer deals and some areas haven't reached the top yet for selling at great profits. Add in foreclosures, and some people stand to make a killing from what some are calling a falling market.