Comments on: The Great Tsunami of Foreclosures – Shake up or Shaky Ground? http://hereinphoenix.com/2009/12/21/the-great-tsunami-of-foreclosures-shake-up-or-shaky-ground/ This Realtor Gal KNOWS Phoenix Real Estate! Tue, 24 Jan 2012 02:45:09 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Top 10 real estate posts for 12/22/2009 : Tempe real estate and free home search http://hereinphoenix.com/2009/12/21/the-great-tsunami-of-foreclosures-shake-up-or-shaky-ground/comment-page-1/#comment-71 Top 10 real estate posts for 12/22/2009 : Tempe real estate and free home search Tue, 22 Dec 2009 16:23:30 +0000 http://hereinphoenix.com/2009/12/21/the-great-tsunami-of-foreclosures-shake-up-or-shaky-ground/#comment-71 [...] The Great Tsunami of Foreclosures – Shake up or Shaky Ground? – Disregard number one, the flood is not [...] [...] The Great Tsunami of Foreclosures – Shake up or Shaky Ground? – Disregard number one, the flood is not [...]

]]> By: The Realtor Gal http://hereinphoenix.com/2009/12/21/the-great-tsunami-of-foreclosures-shake-up-or-shaky-ground/comment-page-1/#comment-70 The Realtor Gal Tue, 22 Dec 2009 07:21:00 +0000 http://hereinphoenix.com/2009/12/21/the-great-tsunami-of-foreclosures-shake-up-or-shaky-ground/#comment-70 So no tsunami, but the steady rain will continue...I hear consistent evidence that we are in recovery mode until at least 2012. Distressed properties will make up a big part of the inventory until then. I am hoping that prices can remain flat during this period and then start to make normal equity gains like we saw prior to 2003. You know, life goes back to normal. It's just that a lot of people don't remember what that means... There are way more ifs in my mind than just loan resets. Negative equity is freaking people out. The job market is a big factor - can't make the mortgage if you have no job - but at least we have a slight edge in unemployment - below the national average. I am just tired of the sensationalism and fiction I keep reading. Things are tough enough without people who don't know what they are talking about trying to sell a bad story. So no tsunami, but the steady rain will continue…I hear consistent evidence that we are in recovery mode until at least 2012. Distressed properties will make up a big part of the inventory until then. I am hoping that prices can remain flat during this period and then start to make normal equity gains like we saw prior to 2003. You know, life goes back to normal. It’s just that a lot of people don’t remember what that means…

There are way more ifs in my mind than just loan resets. Negative equity is freaking people out. The job market is a big factor – can’t make the mortgage if you have no job – but at least we have a slight edge in unemployment – below the national average.

I am just tired of the sensationalism and fiction I keep reading. Things are tough enough without people who don’t know what they are talking about trying to sell a bad story.

]]> By: Dean Ouellette http://hereinphoenix.com/2009/12/21/the-great-tsunami-of-foreclosures-shake-up-or-shaky-ground/comment-page-1/#comment-69 Dean Ouellette Tue, 22 Dec 2009 06:59:37 +0000 http://hereinphoenix.com/2009/12/21/the-great-tsunami-of-foreclosures-shake-up-or-shaky-ground/#comment-69 First another great one and I agree with you the flood is not coming, BUT one thing to worry about that one loss litigator told me about is in 2010 a good portion of 5 year arms will be coming up and for the next three years they will be hitting the market heavy, heavier than the 3 year arms we are just finishing with. But like you said, we can use some inventory. So while I agree that the flood is not coming, the large supply of 5 year arms that is starting to come due now are not going to help the market recover to quick... would love to hear your thoughts First another great one and I agree with you the flood is not coming, BUT one thing to worry about that one loss litigator told me about is in 2010 a good portion of 5 year arms will be coming up and for the next three years they will be hitting the market heavy, heavier than the 3 year arms we are just finishing with.

But like you said, we can use some inventory. So while I agree that the flood is not coming, the large supply of 5 year arms that is starting to come due now are not going to help the market recover to quick…

would love to hear your thoughts

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