Now hold on there, matie! Basic economic theory says more supply than demand, prices will fall, right? Well take a look at this graph. It shows the absorption rate of single family home listings from January 2006 through December 2008 plotted against median prices (click to make it bigger):
“Absorption” is basically the number of weeks [...]
I’ve written a piece as a guest-writer for The Front Steps, one of the better blogs on SF Real Estate.
After talking to loan officers and loan brokers for several weeks about the lending environment, here are the takeaways:
Have “perfect everything”: high credit score, secure job, money in the bank and documentation to prove it all.
Figure [...]
Tags: Loans