As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, our politicians and Federal Reserve Chairman Ben Bernanke promised us that everything was going to be just fine and that we definitely were…

This FINAL encore experience will be unlike any other. Because like everything we do, it's been "reimagined" from beginning to end. It's not a virtual or hybrid event. It's not a conference. It's not a seminar, a workshop, a meeting, or a symposium. And it's not your typical run-of-the-mill everyday event crammed with stages, keynote speeches, team-building exercises, PowerPoint presentations, and all the other conventional humdrum. Because it's up close & personal by design. Where conversation trumps presentation. And where authentic connection runs deep.
As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, our politicians and Federal Reserve Chairman Ben Bernanke promised us that everything was going to be just fine and that we definitely were…
DO YOU HAVE THE "WRITE" STUFF? If you’re ready to share your wisdom of experience, we’re ready to share it with our massive global audience – by giving you the opportunity to become a published Contributor on our award-winning Site with (your own byline). And who knows? – it may be your first step in discovering your “hidden Hemmingway”. LEARN MORE HERE
I agree with your observations, but not the cause. Real estate professionals generally know nothing of finance. Financial regulators / Congress generally know nothing of real estate markets. Sales and originations are down because of the new rules and qualifying mortgages of Dodd Frank. The government has made it that everyone has to have the same loan, or suffer pain of government sanctions. But parts of the Country vary drastically from one area to the other. A loan over $417,000 puts you in a jumbo range, and anything over $625,000 is generally not available. There is a legal cap at $1 million. The AVERAGE FICO scores for acquisitions and refinancings are now between 710 to 733. What kind of market standard is that? Lenders are cherry-picking, and there is no pressure to MAKE loans. Rather than enabling lenders to make non-qualified loans in greater numbers, regulators are stressing the opposite. So we are left with investors being the last in the market, which necessarily limits numbers of buyers. This “stop me before I borrow again!!!” mentality of Dodd Frank is what is holding down originations (potential borrowers don’t even apply, knowing they will not qualify), IMO.