4,572,283
I don't think about predictions. In real estate or otherwise.
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Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Jay McHugh
Acton, MA
-
Nina Hollander, Broker
Charlotte, NC
-
John Pusa
Glendale, CA
-
Bob Crane
Stevens Point, WI
-
Eve Alexander
Tampa, FL
-
Peter Testa
Danbury, CT
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Steve Higgins
Kelowna, BC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
2,390,620
I think politics are going to cause the next big change. I don't know if it will be good or bad but I'm sure that no matter who wins that things will change Peter Mohylsky
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Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
John Pusa
Glendale, CA
-
Michael Jacobs
Pasadena, CA
-
Eve Alexander
Tampa, FL
-
Peter Testa
Danbury, CT
-
Mimi Foster
Colorado Springs, CO
-
Steve Higgins
Kelowna, BC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Candice A. Donofrio
Fort Mohave, AZ
3,416,038
Funny you mention Mortgage modification defaults, because I work this market heavily. The majority of foreclosures i am working are all ones that got modifications and ore forebearance and are not back in foreclosure. But the pace is slow and steady. They do have limits for monthly and quarterly on losses that slow them down. Start of 4th quarter means lots of new listings for me. BUT it wont affect the market. Polictics may affect it more and that is an all out assault by the media to bring upon a slow down.
-
Debe Maxwell, CRS
Charlotte, NC
-
Lyn Sims
Schaumburg, IL
-
Carla Freund
Raleigh, NC
-
Scott Godzyk
Manchester, NH
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
613,494
Someone is always preaching "doom and gloom" for some reason...I don't listen to any of it.
Eve
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,502,998
I don't think student debt will have an impact. The return of the risky loans may have an impact. For my market, it's the governor who can have the biggest impact by passing laws that hurt homeowners and California in general.
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
758,035
I'd imagine Student debt can be a big problem in saving for a home with the high cost of tuition for today's students. My guess of what would effect the real estate market more over the long-term would be rising interest rates or rising home prices. Neither of which are an issue where I'm at right now.
-
Debe Maxwell, CRS
Charlotte, NC
-
Steve Higgins
Kelowna, BC
-
Nina Hollander, Broker
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,583,278
student loans are a killer..... and the starting pay is enough to make the payment for loan and buy gas for the used car... mommy and daddy are providing the roof....
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Steve Higgins
Kelowna, BC
1,052,211
Political climate.
-
Debe Maxwell, CRS
Charlotte, NC
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Mimi Foster
Colorado Springs, CO
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
6,393,609
Neither of these, our expectations will have a greater effect.
-
Debe Maxwell, CRS
Charlotte, NC
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
3,125,842
What Bob "RealMan" Timm and Candice A. Donofrio said.
-
Debe Maxwell, CRS
Charlotte, NC
-
Steve Higgins
Kelowna, BC
-
Michael Jacobs
Pasadena, CA
-
Peter Testa
Danbury, CT
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
2,781,173
neither will affect the market directly. What we have for the first time in decades is a market that will self-correct and adjust without any acts of God or man to cause and effect it. It is all consumer driven activity
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
1,751,129
I'm working with multiple buyers with huge debt right now. They don't seem to be bothered about it at all. I probably would be.
-
Debe Maxwell, CRS
Charlotte, NC
-
Lyn Sims
Schaumburg, IL
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,772,575
I am not big on letting predictions affect my life or my pocketbook.
A
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Nina Hollander, Broker
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
805,909
The mortgage modification in Canada has slowed our market.
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
711,852
Right now it is student debt. This is keeping people from entering the housing market.
-
Debe Maxwell, CRS
Charlotte, NC
-
Steve Higgins
Kelowna, BC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,104,931
I don't think either one will do it. I suspet it will be something no one is really thinking about right now.
-
Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Brenda Mayette
Glenville, NY
5,049,455
I have no idea...time will tell as other factors could have an impact!
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
4,160,899
Peter Mohylsky probably, combination of all.
-
Debe Maxwell, CRS
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
2,071,025
I really don't know.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,598,452
No fore-national buyers.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,712,676
One
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
182,915
Student loan unless there is any relief for students.
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
7,836,419
Think about ways to overcome the challenges.
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
961,383
It might not be exclusive.
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
3,345,091
I am with Bob "RealMan" Timm and Ryan Huggins - Thousand Oaks, CA - I live in California - the land of Oz. I do not believe student debt will have an impact.
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
370,200
Student Debt....further, I always notice price appreciation vs income ... it is way out of normalcy and a recession is coming soon ... due to the slowing of income and the rise of rents and ownership costs.
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
901,535
I think in both cases, many entered into these loans not realizing how they would affect their future. I've had a couple people sell their home not realizing what their payoff would be with a modification. I had one lady who would have had to come to the table with money if she sold her home that was in desperate need of repairs. She is in a growing area so decided to hold on to it until it could be converted to commercial.
As for student loans, the interest they charge seems like a crime. It takes years for those kids to get the principle down. Unfortunately, some of these kids didn't come out of college with a marketable degree and are working jobs that don't require a degree and not making enough to pay their loans and save for a mortgage. This is probably one reason there are so many investors buying homes right now. We have kids who will be or have been renters for much of their lives. I feel like someone has done them a dis-service.
In time, the government will intervene in both situations. With the housing market being so good it may be later than sooner.
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
883,732
Neither.....
Real Estate is always the same but ever changing
what goes up must come down and what goes down comes back up
Just deal with each transaction as they come and make it work!
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
5,216,409
Sad when people borrow money and then don't repay it. Some succeed and others do not. Life goes on!
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,311,397
You are looking at two different issues.
Student debt makes it difficult or impossible to buy. That will remove some of the demand for the market.
Default of any kind will be by those who are not potential buyers.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,390,113
My crystal ball days are over. Now I just roll with the punches :)
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,844,301
Well according to Core Logic, mortgage mods are doing great. In fact there was mention that it's time for the mortgage mods to refi if that is possible because of the newer rates. Will that happen?
Who's in charge of re-starting all that mess.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
921,504
1. The continued reduction in value. The shrinking middle class will see their spending power compromised by those who are not held hostage they the rules/laws the pass.
2. Debt- One health-care incident can make a household insolvent.
3. Shutting off the power grid in California. I don't know whether to celebrate or be distressed. I do know as a result California will be exporting more nuts and flakes to bring catastrophe to those who allow them in. Hmm, I wonder if THAT will be showing up in owner disclosure docs.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,230,113
#1 - Election year downturns are normal
#2 - I think we will continue to see student debt be an issue
#3 - Possibly mortgage mod defaults - haven't seen that in my area yet though.
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John Pusa
Glendale, CA
763,883
I don't think Student Debt change the market one ioata since they have already been figured in. Mortgage Defaults alway affect the market. Wall Street is quite a factor.
-
Debe Maxwell, CRS
Charlotte, NC
4,936,705
probably 2 but my 8 ball may say something else soon.
-
Debe Maxwell, CRS
Charlotte, NC
1,725,996
Add #3: The projected monthly nut is beyond the salary level for the prospective buyers to qualify
-
Debe Maxwell, CRS
Charlotte, NC
5,868,554