Comments on: Oregon Mortgage Market Conditions

By: Real Estate Market Conditions From Featured Communities Around The USA | Real Estate Radio USA

Sat, 26 Apr 2008 23:23:52 +0000

[...] Oregon Mortgage Market Conditions One test for the health of the Portland metro real estate market is the mix of sub-prime vs. traditional (or prime) mortgages. In a recent National Association of Realtors survey, subprime loans account for only 9% of homeowner … Are you a $35 tube of toothpaste in a $3 world? Home selling is pretty basic: Supply and Demand. Market conditions are not something you as a home seller can control. You can’t control the inventory on the market or what the asking prices for other homes are. …REAL ESTATE MARKET UPDATE We hope this information will provide you with a useful perspective on the statewide market as you discuss current conditions with your agents, clients and customers. As you well know, and we all must convey to the media, real estate is .. Outer Banks Real Estate Market Conditions – Hatteras Island Style There are a lot of searches and inquiries as to the Outer Banks Real Estate market conditions. Tom Hranicka from Outer Beaches Realty published a newsletter this week with some interesting statistics for Hatteras Island. … If you would like to have your market featured, send us an email to info@realestateradiousa.com and we will be glad to feature a snapshot of your real estate market. [...]

By: Uncle_Git

Uncle_Git — Fri, 25 Apr 2008 17:21:04 +0000

http://www.youtube.com/watch?v=pmeBSWI9sF8

This is a good primer and comparison between Alt-A and subprime.

By: Uncle_Git

Uncle_Git — Fri, 25 Apr 2008 17:18:29 +0000

http://www.housingwire.com/2008/04/24/moodys-begins-downgrading-aaa-rated-alt-a-rmbs-to-junk/

I really don’t think we need to differentiate too much between Alt-A and subprime any more – the Alt-A is just taking a little longer to go south as those people typically have more reserves to survive longer – but the end result will be the same.

Once the write downs in Alt-A start we’ll see the credit market for near prime lending tighten in the same way as we saw subprime vanish.

It’s still early days in this credit crunch IMHO – the losses on mortgages going south will be larger going forwards as home prices are dropping daily – and the losses on the alt-a stuff will be significantly larger than the subprime stuff as the loan amounts were higher.

More blood incoming for the banks this summer/fall I suspect.