what happens to home prices

firefoxgs | Jan 31, 2013 11:28 AM ET I`ve had three mortgages in my life; I`m 62. The longest mortgage I ever had was six years, from ྔ to ྚ. The last one I paid off in under two years, even though it was just outside the DC beltway (meaning that it was considerably more $s than the first two). My criterion for paying off is whether I see a sure fire investment that can beat my current mortgage rate after taxes. Another consideration is that very early in the mortgage life cycle, paying more can often eliminate several months of mortgage payments, when the amount going to principal is very low. When the mortgage is paid off, more money is available for investment purposes. I`m a buy and hold investor, with mutual funds going back to the ྌs.

firefoxgs | Jan 31, 2013 11:29 AM ET First sentence should read: from eighty-eight to ninety-four. The last sentence should read "eighties".

xxkingxx | Jan 31, 2013 01:07 PM ET Buying a home is very difficult now. But, selling a home is even more difficult. Even at these rates qualifying requires super-human patience, documentation out of Egypt, etc. So buying is still easier and prices are going down...and that`s a bull market to you RE geniuses? Face it....that party is over. All the money now is made on the buy side, ie. buying so distressed that reliquifying it makes the value happen. That`s another way of saying, `sell to whom?` Thanks, but I`d rather be in cash than slammed into that kind of illiquid mess. High yield w/ a short stop is the only safe place to be right now. Why fight it? For 2-3% when you may have 30-40% downside or leveraged 100%? Not with my money.... go on ...get rich without me.

JonnyAngel | Feb 1, 2013 07:40 AM ET tarandfeathers | Jan 30, 2013 10:17 PM ET And what happens to home prices when interest rates go up Ballsofbutter? I rest my case! --------------------------------------------------------------------------------- What conclusion are you resting your case upon? It appears that you think that prices will fall if rates go up. If that is your belief you may be wrong if history is a guide. In every instance since 1976 (as far as some data are available) where interest rates increased by 1% or more home prices increased.

ARTSBEST | Feb 6, 2013 01:34 PM ET And I don`t hear anything about how many billions has been lost by savers since this idiot, Bernanke, did his swan dive for Wall Street. He`s a moron plain and simple.






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

Home Builder Confidence Falls, First Time in Nearly a Year - tahoe3 | Feb 19, 2013 10:02 AM ET as far as i can tell. jan 2009, home depot stock was at 22.9. today its over 67. tell me again mr lagone. just how bad mr obama is for the u.s. economy.

Vict2455

When Banks Walk Away, Homeowners Don`t Always Win - countdown_to_facebook_ipo | Jan 14, 2013 12:33 PM ET When the BANKS walk away, their executives get bonuses!

ckoffend | Jan 14, 2013 12:35 PM ET Hah. It`s funny that our government ma... - by ZG554

Housing Recovery Spurs Pickup in Remodeling - duck33 | Jan 23, 2013 10:40 AM ET Last week when the weather was a little nicer I road my bike around the island I live on and counted 15 construction sites all but one were mexicans speaking spanish... - by EXXCC

Homes for sale for an average of 6-12 months - MBA_grad | Jan 28, 2013 10:38 AM ET Here in the Desert Southwest, I can`t find a decent home to buy. Most houses in my area have been for sale for an average of 6-12 months, with only a few new ones ... - by BCNw5

QE3 is finished and the market will tumble as rates rise - ChicagoLouie | Jan 17, 2013 09:00 AM ET QE3 is finished and the market will tumble as rates rise. Look out below...

Mr.Clumpus | Jan 17, 2013 09:03 AM ET ChicagoLouie | Jan 17, 2013 0... - by LA922



what happens to home prices

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!