Nothing new or good to report. Market is about the same though there are different statistics to play with that could make it look good or horrible. It is about the same.
I wonder if the boom took longer to hit as people slowly became aware loan requirements were eased by banks. Now most people are back to thinking no one can get a loan. FHA will be back in force for the market and hopefully mortgage insurance will go down. In 2001 mortgage insurance on a $150,000 home in one case was $60. I heard a quote of $250 for a $199,900 home two weeks ago. Later I will write about some FHA rules that have changed.
Market Watch For April 2008
