Realty Insider Blog

The availability of credit impacts the real estate even more than the interest rates do. After all, a low interest rate is not of much use if only a small portion of potential home buyers can qualify for it…

Back in the rolling 2005-2006 years credit was plentiful and 100% and even 110% financing was available to anyone with a pulse. After the market peaked sometimes in 2006, prices rapidly started declining with foreclosures soaring in the following years.

Read the full story at soldsense.com

Posted by Are Andresen on May 26th, 2011 1:00 PMPost a Comment (0)
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