One of the big problems that sellers are facing in the current climate is the preservation of equity. They are being squeezed while selling their homes.
Buyers are looking for a bargain, and there are bargains to be had… and any seller that needs to sell has to compete with foreclosures, short sales and other distressed properties.
Prices that sellers can command are
And it is over on Lilburn Dwellings. Go over, take a look. Hopefully March will see the market picking up.
Fast forward to the last line of this post and you will see me swallow my foot…
Leading indicators v. Trailing indicators
I didn’t think Atlanta values would drop more than a couple of points… if that. Well… 20% later, and there is no way for me to spin it otherwise… I was wrong. I really thought that we wouldn’t see more than
Ken Cook posted something today that was specifically about investor properties. Here is a link. Go read it… you should read his blog anyway.
What does it have to do with Cram-Downs?
Let me touch a couple of high points of Ken’s post. These are the requirements to get ten Fannie Mae investment properties
If you haven’t been there lately, you are missing the changes.
The site has been completely re-themed. It looks totally different, and has much better functionality. The site has also been re-purposed somewhat. There will be more of an emphasis on