Home Resales Pending data will point to continuing slide in home values – a massive component of the financial meltdown as mortgage restrictions go into effect
Peter Oberois
Nov. 11, 2007

The real estate market is suffering its worst nightmare. The sales are down. The prices have finally started eroding at a very rapid pace. The market is facing negative sentiment and mortgage restriction rules.

People who are trying to buy homes, new or old face a terrible situation. They cannot get their mortgage approved easily. Sometimes the existing owner or the builder is asking for a price that the appraisers do not agree with. That creates the first reason for a mortgage refusal.

The home prices will slide 4% this year and 8 to 10% next year. If foreclosures balloon and the subprime mess overflows into prime side of the mortgage business, home prices can go down double the estimate above.

Home Resales Pending data will point to continuing slide in home values – a massive component of the financial meltdown as mortgage restrictions go into effect
Peter Oberois
The real estate market is suffering its worst nightmare. The sales are down. The prices have finally started eroding at a very rapid pace. The market is facing negative sentiment and mortgage restriction rules.
READ MORE>>

Rising fuel prices and falling property values creating steep slide in retail sales – the recession has started
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The economy is now shrinking as the retail sales plummet with exponentially rising fuel prices and a free fall in home prices. Add to that the sliding stock market, you are looking at a bleak holiday
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A golden opportunity is developing for those whose total mortgage amount is between $417,000 and one million. The Federal Reserve has requested the Congress to allow HUD loans to cover the jumbos in that zone.
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How far can US Dollar fall? What’s the impact on US and world economy?
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. In 2009-2010, after US economy hits the depression level slowdown, outsourcing and imports will be curbed. The US trade deficit will plummet for the first time after many decades.
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Long term bear markets and economic collapse are always preceded by bullish expectations of the corporation after a massive bull run.
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With dollar it its low Europe starts singing recession - Barclays, ING, SAP, BMW lead European stocks to biggest weekly decline since July
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The low dollar and declining exports to US is having major impact on the European economy. The Euro zone has started singing the tune of recession.
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Dow Jones Industrail Average headed for 11,000 by end of 2007 – what the impact on the job market and economy?
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UBS is capping 2007 cash pay for bankers and traders at $750,000, with a bigger portion of total compensation coming from stock. It is the first visible sign of weakness in the high flying financial job markets.
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