buy meizitang wholesale 03447
21.12.13 / Uncategorized / Author: admin
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Recentsituation in the real estate market
Thegovernment’s offer to extend $8,000 for first time home buyer taxcredit till the middle of 2010 and expansion of the program toinclude $6,500 credit for non-first time home buyers will attractmore home shoppers into the market.
a30-ear fully amortizing rate
Fromthe very past the US real estate market has played a very importantrole in giving a shape to the usage of urban land. According to theprinciples adopted, it gave the owners the opportunity to earnmaximum value for his land.
Thecredit crunch and the great depression of 2007 has played a negativerole in the US real estate market. The housing market is still on itsway to recovery from the recession,buy meizitang wholesale.
Tomake up for the loss, the government has introduced option ARM, bywhich the home buyers can choose how much they want to pay each monthduring the ‘start period’ of the loan. They have the choice of payingfrom the following options:
abase rate ( which does not cover the monthly interest costs)
Butthe recession of 2007 has led to unemployment, and as a result, thedemand for house has lessened and new constructions have also becomevery few in number. Though many first time home buyers are there inthe market, but, the fewer number of sellers could not meet thebuyer’s demand. As a result, the profit decreased,buy meizitang wholesale, price ofinventories increased, sales went down and the US real estate markethas faced an incredible number of foreclosures. According to theNational Association of Realtors (NAR),buy meizitang wholesale, the number of homes thatreceived foreclosure notices in 2009 is 3 million.
interest-onlypayment
Theloan modification program of the government has can also cause homeprices to fall by 5% to 10%, prior to the stabilization of the realestate market. It is predicted that the market will have a noticeablerebound by 2013.
Effects of recession in the US real estate market 2010
Alreadythe US real estate market is showing signs of stabilization in demandand price. For the last 6 consecutive months, the home prices are ona rise. The market has already started to recover from the effects ofrecession, but, it will need some more time for full recovery.According to a recent survey, 77% of the richest people in the USfeel that now is the right time to buy real estate properties,buy meizitang wholesale, as theprice of home is low. Though the market has suffered a great loss,buy meizitang wholesale,but the initiative taken by the US government to reduce the loss isto be appreciated.
Thisoffer, along with unemployment rate of 10.5% in 2010, will make moreand more homeowners unable to repay their mortgage.
a15-year self amortizing rate
Effectof recession in real estate market
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