What the news does tell you because good news does not sell !!
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| Blog Name: | What the news does tell you because good news does not sell !! |
| Url: | http://www.LanceTiso.Com |
| Language: | English |
| Topics: | Real Estate, Buisness |
| Description: | Some facts to know: More than 1000 banks closed in 1930 – only 14 U.S. banks have been taken over in 2008 There are 76 million households in the U.S. that own their home - 24 million of these homes are free and clear There are 52 million homes with mortgages - 97.2% of these are not in foreclosure, 93.8% of these homes are current on their payments On a sobering note: Over 20% of homeowners with a mortgage owe more than their home is worth 40% of all foreclosures are non-owner occupied How did we get here? Decade Homes Sold High Homes Sold Average 1970’s 3.9 million 3 million 1980’s 4 million 3.3 million 1990’s 4.9 million 3.9 million 2000’s 7.1 million 5.6 million Resale numbers – the above does not include new home sales. Sources: Wall Street Journal / Moody’s Economy.com / RealtyTrac / NAR / Forbes |
| Popularity: | 1 Followers |
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