It looks like the market has finally dived into the dumpster. Sales for 2008 have dropped of a cliff and landed with a splat. It looks like the market has finally dived into the dumpster.Sales for 2008 have dropped of a cliff and landed with a splat.
It looks like the market has finally dived into the dumpster. Sales for 2008 have dropped of a cliff and landed with a splat.
From the front of the Bellingham Herald: Bellingham Single Family Sales down 38%
Recent drops in interest rates have homeowners rushing to call local banks and mortgage lenders about refinancing. Loan applications are pouring in.
Yet, South Florida homeowners are mostly getting a big fat ''No!'' from the bank when they ask to refinance. The chief reason: Falling home values mean they owe more than their homes are worth.
This could finally be the end.
In 2009, we should see:
- Cats and dogs living together
- Helicopters flying
- TEOTWAWKI
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