Can The Housing Crash Mean A Second Home?
SOURCE: The Street
With housing prices declining and many believe will continue to fall, it might be time to consider that vacation home.
Prices for homes fell 4.5 percent from a year earlier in the third quarter. Excess inventory is pushing home prices down. Some of the inventory is due to the increase of people defaulting on their mortgage loans and the tighter restrictions for home loans.
Potential buyers want to act quickly because, historically, when home prices fell, the prices do not stay low for long.
– Commercial Loan News from Steelhead Capital, Inc
Original post by Capital Synergies