Notices of defaults / Foreclosures

[Mandelon]

NODs are up 98% over the same quarter last year. Our foreclosure rehab work is going crazy. Over the past 5 years we have had maybe 2 houses come back.
This last month we are getting 3 or 4 a day. Just San Diego county, but foreclosures are up all over so cal.....

[thumbs]

My guess is that folks with the interest only loans are now at the point where they need to start paying on the principle and they can't afford another 6 or 7 hundred bucks a month. First the toys (RV's, trucks, boats, motorcycles) go then it's the house.

[h2oski2fast]

My guess is that folks with the interest only loans are now at the point where they need to start paying on the principle and they can't afford another 6 or 7 hundred bucks a month. First the toys (RV's, trucks, boats, motorcycles) go then it's the house.
More like $2-3k in alot of cases.

[KACHINA KEN]

30 yr fixed :rollside: :rollside: :rollside:

[NOTALENT]

Good news!!! Maybe I will actually be able to pick up something in the next year!! :p

[CBadDad]

Were can I get a copy of your foreclosures?

[Boatcop]

I think over the past few years there were people lining up to buy homes before they got into the forclosure stage.
With prices flattening out and interest rates inching up, not that many folks looking to jump in.
Even here is Parker, where I've only seen maybe, one trustee sale a month in the paper over the past 2 or 3 years, there's 4 or 5 in there now every week.

[Mandelon]

Were can I get a copy of your foreclosures?\
Your friendly local title rep can pull them for you, or make your realtor pal get his title rep to do it. Its all public info. There are services you can subscribe to as well.
I get calls from my agent connections who have us bid on the projects to rehab. I think we are doing 12 at a time now..... :rolleyes:
condos are going to get ugly down here. I know some for sale in Chula Vista that get zero showings...no market for them at all right now. Way too much competition, prices will be heading down by 10's of thousands....and more.

[steve d]

It's not going to be pretty!!!

[77charger]

those rehabs might need to upgrade to tile,marble, showers to add some bling to them and help sell faster.But they need to be waterproofed first :rollside:

[2Driver]

30 yr fixed :rollside: :rollside: :rollside:
0 fixed...done, feels nice

[Trailer Park Casanova]

Lots of "spec" peeps making several mortgage notes per mo too.

[Cole]

My guess is that folks with the interest only loans are now at the point where they need to start paying on the principle and they can't afford another 6 or 7 hundred bucks a month. First the toys (RV's, trucks, boats, motorcycles) go then it's the house.
Its not the "Interest only" loan that is going to hurt people... if you have a 1500 P&I loan, your Principle is maybe under 40 bucks!!!
So thats not really going to hurt anyone!!
The problem will be people who have there "2/28" 2yr fixed loan coming due and there payment will go through the roof!! THAT WILL BE THE PROBLEM!!!!
My friend has a 2nd that has been for years under 5%...now its above 8% and his payment has climbed from $300 to $900!!! And he is on a fixed income. It will be ugly out there!!
Thats why I buy properties cheap and turn them Fast and cheap!!!!!!!

[OutCole'd]

I think there are going to be lots of deals out there in the next 18-24 months on everything from Homes, Boats & Long travel cars, RV's etc......
Sure glad I don't own a condo project right about now. :cry:

[bchbum]

Here in Long Beach , they are building condos like mad .They'er overlooking the beach ,big $ . Most have been almost sold out before they were done , lets see what happens now . I heard the repos aren't going to be as good of deals as they were in the past . The banks won't give they away this time . :cool:

[RitcheyRch]

The news radio said today that about 21000 NOD's went out this month.

[2Driver]

NODs are up 98% over the same quarter last year. Our foreclosure rehab work is going crazy. .
What exactly do you do?

[Trailer Park Casanova]

What exactly do you do?
http://www.hotboatpics.com/pics/data/500/3812av-36532.jpg

[bigq]

What exactly do you do?
Foreclosure rehab would be my guess :cool:

[a catered life]

30 yr fixed :rollside: :rollside: :rollside:
:p thats the way to go

[JB in so cal]

What exactly do you do?
He handles sausage and gets them hot enough to safely put in your mouth :crossx:

[Daytona100]

Word is hes had more bones in his mouth than the butchers dog!!!!!!!!!! :)

[ROZ]

Pools, pools, pools :D

[91nordic29]

0 fixed...done, feels nice
10 yrs left on a 15 year fixed. that will be nice when it is all done. :cool:

[centerhill condor]

boom! then bust! and all that easy credit! have you notice it runs in roughly 7 year cycles... same as time between bankruptcy? also, the rules changed recently and I'm sure many folks wanted to get in under the old rules?

[lawbreaker2]

Ok, so I know how to go about looking up these houses here in ohio, but How would I keep a eye out for the right deal and house out there in az, Is there a website that someone can point me to, to find these homes. Like I said a long time ago, I wanted to move out there back in 2000 and just could'nt do, to scared to make the move, :rolleyes: But I have been back there so many times in the past few years It second home, :rollside: But the way prices have been I said I'll wait, I need to get my house here in ohio done, And I'm still waiting for the big boom here, :rolleyes: May this it is, They can't keep living there so they'll move here and Our prices will go up.
So when is a good time to try and buy, I know you can try and save them from losing it and take over and let them walk, but I don't live there. :( Oh well I have to mow the lawn befor the rain storms move in. I'll be back.

[HocusPocus]

its a shame about the foreclosures.. but everyone saw it coming. all of those very creative financing deals out there are biting them in the butt. we have a 30 year fixed at 5.5 on our california house, we make the bi monthly payments and pay twice the amount of our actualy payment each month. its amazing how quickly that loan drops doing that. our havasu house we bought 18 years ago and have only 2 years left on the 20 year fixed. :)
the toy market will get even more flooded here in the coming year, which is bad news if your trying to sell a used boat or rv in order to buy a new one. it will be good news if you want to get a deal on them. for those who havn't sold them this summer, next year will be even harder to do so.
besides toys and homes, this will effect just about every market. :(

[Kilrtoy]

Come on is this another sky is falling thread,
House sales are through the roof, just ask any realtor, never been so strong, BUT NOW, BUY NOW, BUY NOW.... before you get priced out
So with all that said, Should I wait on my pool for another 6 months plus and see if the prices come down

[phebus]

Come on is this another sky is falling thread,
House sales are through the roof, just ask any realtor, never been so strong, BUT NOW, BUY NOW, BUY NOW.... before you get priced out
So with all that said, Should I wait on my pool for another 6 months plus and see if the prices come down
We want to put in a pool also, and wonder if the prices will go down, as the wallets dry up.

[HocusPocus]

Come on is this another sky is falling thread,
House sales are through the roof, just ask any realtor, never been so strong, BUT NOW, BUY NOW, BUY NOW.... before you get priced out
So with all that said, Should I wait on my pool for another 6 months plus and see if the prices come down
just in the people i know, 2 have already lost their homes and another one is selling off stuff in order to keep his. im just going by personal experience. :)
and as far as the pool.. i would build it. then have a big party :)

[socalmofo]

The news stats sound good and all but let's be real.
Banks are NOT letting properties go for pennies on the dollar!!! Not in so cal. the other part of that stat was that only about 4-7% of N.O.D.'s go into foreclosure. Foreclosures are only HALF of what they were 5 years ago before the boom. Could this be a trend, sure. But don't save your pennies and wait for banks to sell 400k homes for 200k. Not gonna happen.
Keep in mind, If a homeowner has a home worth 400k and a loan on it for 450k the bank is not gonna sell it for anything less than going market rate.
If someone has alot of equity in their home, even 25k, someone will buy the place or offer them a new loan before foreclosure.

[Dave C]

is there any other way!..... :rollside: :rollside: :rollside:
30 yr fixed :rollside: :rollside: :rollside:

[framer1]

is there any other way!..... :rollside: :rollside: :rollside:
Yea, Cash :D

[DCBDaytona]

Come on is this another sky is falling thread,
House sales are through the roof, just ask any realtor, never been so strong, BUT NOW, BUY NOW, BUY NOW.... before you get priced out
So with all that said, Should I wait on my pool for another 6 months plus and see if the prices come down
NO, the sky is not falling...It's just coming back to reality. Why would putting a pool in depend on the market? :idea:
Havasu is coming down, inventory is UP and nothing is selling. I think It'll fall back into the $200/ft. range.

[HM]

The news stats sound good and all but let's be real.
Banks are NOT letting properties go for pennies on the dollar!!! Not in so cal. the other part of that stat was that only about 4-7% of N.O.D.'s go into foreclosure. Foreclosures are only HALF of what they were 5 years ago before the boom. Could this be a trend, sure. But don't save your pennies and wait for banks to sell 400k homes for 200k. Not gonna happen.
Keep in mind, If a homeowner has a home worth 400k and a loan on it for 450k the bank is not gonna sell it for anything less than going market rate.
If someone has alot of equity in their home, even 25k, someone will buy the place or offer them a new loan before foreclosure.
I have a buddy doing this in San Diego. He goes online to the county recorder and gets lists of people who are in NOD. He looks for people who are within 2-3 weeks of foreclosure. He goes in and offers them some kind of deal based on equity. They quit claim title to him and he pays their mortgage up to date. I come in and refinance the deal for him and we do a cash-out refi and is where he gets the money to give to the people to walk. Last weekend, he had 30 appointments and has 5 solid deals with about 15 people still on the fence. He plans to flip the properties and sell them for about 90% of value to get a quick sale....but he is not dropping the price - he is offering the 10% to the selling agents who fall all over themselves looking for buyers.
His average deal will put about $100K profit in his pocket.
Now, he did have some one go psycho on him. A guy accused him of taking advantage and profiting on people who are about to lose everything. He is giving people money they would have never got from the banks and they avoid having a foreclosure on their credit. The banks are giving them nothing. But, the guy does have a bit of a point. The guy chose not to do the deal with my buddy who was offering $100K to walk from his home...he would rather have nothing instead of letting people profit from his misfortune...well, except the bank will profit nicely.

[Kilrtoy]

NO, the sky is not falling...It's just coming back to reality. Why would putting a pool in depend on the market? :idea:
Havasu is coming down, inventory is UP and nothing is selling. I think It'll fall back into the $200/ft. range.
OH JR...
Now that houses cant be refi'd to the moon and loans are getting more expensive and harder to get into. This inturn will cause a slowing in all of the add on, extra things in life. I E. POOLS, Vehicles, Boats, Sand rails.....
(22 twin 2.5 wacka tunnels :boxed: )

[cdog]

Here is some good info for you guy's. My friend Dan is a mortgage broker that worked out this report that shows how much more a buyer of today will have to put down to secure the same payment as last year. In reality they will both have to meet in the middle. Prices will not return to 5 yrs. ago unless we have WW3 or another great depression. I can see 20% off of the all time highs.
Realtors, are your seller's going to give $129,000 to the buyer just because rates are higher?
Not Likely!
USE THIS RESOURCE IF:
- You have buyers that have been searching for a property for months
- You have clients worried about a rate sensitive market
- You have clients who think the market is over priced
- You have clients who want to wait and see...
Recent increases in mortgage rates force buyers to put more money down to keep the same monthly mortgage payment or sellers to lower their sales price!!! (not likely!)
Examples based on 20% down payment for a
$500,000 / 750,000.00 & $1,000,000.00 home.
Rates as of September 2005: 5.00%
Purchase: $500,000 $750,000 $1,000,000
20% Down: $100,000 $150,000 $200,000
Mortgage $2150.00 $3220.00 $4295.00
Rates as of July 2006: 6.625%
Purchase $500,000 $750,000 $1,000,000
20% Down*: $175,000 $247,100 $329,000
Mortgage $2150.00 $3220.00 $4295.00
*Needed to keep the mortgage payment the same due to the increase in mortgage rates. OR the seller has to drastically reduce the sales price!
Please have your clients call me and we can discuss their best strategy. Our market is on tract for 7.00% rates within the next 14 months.
Sincerely,
Dan Coleman
Senior Mortgage Banker
(949) 789-1080 Office
(714) 394-9422 Cell
(714) 262-4883 Fax

[C-2]

He is giving people money they would have never got from the banks and they avoid having a foreclosure on their credit. The banks are giving them nothing.
If a NOD is already filed - the trustees sale is kind of irrelevant isn't it? The borrower already has 30/60/90 and maybe even 120 lates on their report?
Isn't the golden year rule/two year rule the same whether or not the home actually went back to the bank?

[DCBDaytona]

OH JR...
Now that houses cant be refi'd to the moon and loans are getting more expensive and harder to get into. This inturn will cause a slowing in all of the add on, extra things in life. I E. POOLS, Vehicles, Boats, Sand rails.....
(22 twin 2.5 wacka tunnels :boxed: )
Hmm...Pools I dont think are an extra thing in life. They don't depreciate and actually add value to a house. :)
22's with Wackas. Now that's an extra thing that every MAN needs. I actually think these will hold the most value given the price/desire for them.

[572Daytona]

Atlanta area is still a good market:
http://www.rismedia.com/index.php/article/articleview/15458/1/1/
I drove out to casa JBB a couple of weeks ago and I hardly recognized the place with all of the new subdivisions that have gone up in his area since the last time I was there.

[HM]

If a NOD is already filed - the trustees sale is kind of irrelevant isn't it? The borrower already has 30/60/90 and maybe even 120 lates on their report?
Isn't the golden year rule/two year rule the same whether or not the home actually went back to the bank?
True, the credit will be wacked for the lates, but an actual foreclosure does have a significant affect on your credit. The credit #'s don't change a whole lot, but it will affect their ability to get a new home. I can get financing for people that have a ton of lates, but with a foreclosure on their credit, it is different. I don't do much subprime - perhaps a subprime specialist might shed more light. I just know that most of these homeowners don't want to have an actual foreclosure.....could be mostly psychological.

[HM]

Hmm...Pools I dont think are an extra thing in life. They don't depreciate and actually add value to a house. :)
Pools do nothing but depreciate. Yes, a pool can add value, usually about 10-25% of how much you actually spent in the best case scenarios. It adds no value to the home in a stagnent or down market. A pool is a very bad way to try and improve the value of your home. The market for people who HAVE to have a pool is small. Anyone who tells you pools add value to your home are trying to sell you a pool.
Now, you may get lucky and find a person who has to have a pool. Just hope they are putting a nice chunk down and are not trying to do 100% financing.
bottom line, justify a pool based on you want to enjoy it. To justify it as a good investment is just plain silly. :D

[DCBDaytona]

Pools do nothing but depreciate. Yes, a pool can add value, usually about 10-25% of how much you actually spent in the best case scenarios. It adds no value to the home in a stagnent or down market. A pool is a very bad way to try and improve the value of your home. The market for people who HAVE to have a pool is small. Anyone who tells you pools add value to your home are trying to sell you a pool.
Now, you may get lucky and find a person who has to have a pool. Just hope they are putting a nice chunk down and are not trying to do 100% financing.
bottom line, justify a pool based on you want to enjoy it. To justify it as a good investment is just plain silly. :D
I never said it's an investment :)
Moreover, in a place like Havasu....You cannot tell me it doesn't help with the sell??? In Havasu, as Mig and I were talking, it's Pool or Bust.

[HM]

I never said it's an investment :)
Got it. :D

[HM]

Moreover, in a place like Havasu....You cannot tell me it helps with the sell :yuk:
This may very well be true. But does it pull much more money? Or just help it sell against a similar property without a pool? I just know that on appraisals, the pools rarely make a dent in the value. there are exceptions of course.
Don't get me wrong, I look forward to putting a pool in at my house. But I look at it like KToy...it is like having any other toy. And, most people use home equity to make it happen.

[Dave C]

daaammmmmnnnn, you're a f-ing baller!!!! :supp: I am not worthy!! :crossx: :crossx:
I meant for the rest of us!! :crossx: ;)
Yea, Cash :D

[Kilrtoy]

Pools do nothing but depreciate. Yes, a pool can add value, usually about 10-25% of how much you actually spent in the best case scenarios. It adds no value to the home in a stagnent or down market. A pool is a very bad way to try and improve the value of your home. The market for people who HAVE to have a pool is small. Anyone who tells you pools add value to your home are trying to sell you a pool.
Now, you may get lucky and find a person who has to have a pool. Just hope they are putting a nice chunk down and are not trying to do 100% financing.
bottom line, justify a pool based on you want to enjoy it. To justify it as a good investment is just plain silly. :D
WHAT THE HELL
I am starting to agree with this holymloy guy more and more....
I need to have my head examined.....
A POOL IS A TOY, no doubt about it....
Food water and shelter are necessities pools are about as smart as boats just a big pit of never ending money

[DCBDaytona]

WHAT THE HELL
I am starting to agree with this holymloy guy more and more....
I need to have my head examined.....
A POOL IS A TOY, no doubt about it....
Food water and shelter are necessities pools are about as smart as boats just a big pit of never ending money
HAHA. I still disagree. Maybe it's just our luck to get top dollar with pools.

[phebus]

A pool is an investment in sanity here in Havasu. Not everything is monetary.

[Wmc]

Its not the "Interest only" loan that is going to hurt people... if you have a 1500 P&I loan, your Principle is maybe under 40 bucks!!!
So thats not really going to hurt anyone!!
The problem will be people who have there "2/28" 2yr fixed loan coming due and there payment will go through the roof!! THAT WILL BE THE PROBLEM!!!!
My friend has a 2nd that has been for years under 5%...now its above 8% and his payment has climbed from $300 to $900!!! And he is on a fixed income. It will be ugly out there!!
Thats why I buy properties cheap and turn them Fast and cheap!!!!!!!
Tell your friend to refiance his 2nd into a Fixed 2nd. He is obviously in a Heloc and with prime going up on a regular basis, that has driven his payment up. He needs to get that heloc into a fixed rate, then he will have the same payment each month and start paying it down.

[TOBTEK]

AHHHHHHHHHH, the sky is falling :)
did anyone REALLY think the post 911 interest rates were going to stay that low? come on now.
can anyone take a guess at the average mortgage interest rate here in the us over the last 50 years?
im sure everyone has noticed over the last few weeks that rates have been coming back down.
Hard to believe at times, BUT the boys in charge know exactly what they are doing. Take a look around and see other ways they are slowing the ecomony....... I'll take a guess and say energy prices. :idea:
I think everyone has short term memory issues.... go back in your records and pull the notes on previous mortgages( pre-911). Were you paying more than 6-7% ? we have been living in an artificial environment for the last 5 years from the threat of economic stall resulting from 911.

[Wmc]

Pools do nothing but depreciate. Yes, a pool can add value, usually about 10-25% of how much you actually spent in the best case scenarios. It adds no value to the home in a stagnent or down market. A pool is a very bad way to try and improve the value of your home. The market for people who HAVE to have a pool is small. Anyone who tells you pools add value to your home are trying to sell you a pool.
Now, you may get lucky and find a person who has to have a pool. Just hope they are putting a nice chunk down and are not trying to do 100% financing.
bottom line, justify a pool based on you want to enjoy it. To justify it as a good investment is just plain silly. :D
Your absolutely right. Just yesterday in the news they talked about back yard landscaping and what does and does not add value. A pool was one that may or may not add value. It was a toss up. With how much pools are costing these days $80,000 + you may only get $7,000 - $10,000 added to your appraised value. Backyard kitchens (i.e. built in barbecue, sink and refrigerator, patio cover those add value.

[Wmc]

AHHHHHHHHHH, the sky is falling :)
did anyone REALLY think the post 911 interest rates were going to stay that low? come on now.
can anyone take a guess at the average mortgage interest rate here in the us over the last 50 years?
im sure everyone has noticed over the last few weeks that rates have been coming back down.
Hard to believe at times, BUT the boys in charge know exactly what they are doing. Take a look around and see other ways they are slowing the ecomony....... I'll take a guess and say energy prices. :idea:
I think everyone has short term memory issues.... go back in your records and pull the notes on previous mortgages( pre-911). Were you paying more than 6-7% ? we have been living in an artificial environment for the last 5 years from the threat of economic stall resulting from 911.
The rates today are the same rates that I got when I purchased my home in June of 1998.

[boxscore]

What exactly do you do?
He makes ugly things pretty. You oughta see him work the bar scene too. :skull: Mad skills.

[OutCole'd]

He makes ugly things pretty. You oughta see him work the bar scene too. :skull: Mad skills.
LMAO!! But could you change that sig? Ron keeps starring at me.

[2Driver]

He makes ugly things pretty. You oughta see him work the bar scene too. :skull: Mad skills.
LMAO....I get it. Perfume the pig. J/K

[Mandelon]

The squeeze is on. Most of the places we are seeing are closer to entry level homes where the buyers were on the edge to begin with.
Add in increased gas, insurance, food and energy costs along with making the credit card payments and the stretch to make the house payment has gotten too much.
We've gotten a few in the 600K to 800K range but most are 500K and under. Lots of condos, and quite a bunch of properties in the midst of the owners fixing them up..with unfinished work for us to complete.

[boxscore]

LMAO!! But could you change that sig? Ron keeps starring at me.
... and you like it.

[CA Stu]

Now, he did have some one go psycho on him. A guy accused him of taking advantage and profiting on people who are about to lose everything.
Hence, the business name "ABC Wordwide Funding" or some such.
"I'm sorry, bro, I just work for them. Sign here."
It's all about perception.
Cheers
CA Stu

[shueman]

Lots of stuff for sale, and for sale, and still for sale.....gettin' "cold" out there... :crossx:

[Outnumbered]

Sorry, but all this pool talk is BS. The value a pool has in the market depends on the neighborhood. Period.
Pools in areas like Palm Springs and Phoenix/Scottsdale get "all the money" in the market. Put a pool into your San Bernardino 2bed 1 bath or Compton bungalow and you will probably get nothing back. There is no simple formula like "pools are worth $10k" or pools only get 10%---BS. It depends on the neighborhood.

[HocusPocus]

just get a pool like this.. so you can take it with you when you move.
http://www.propools.com/images/Pools/ABG_Pool/56961_2.jpg

[Howie Feltersnatch]

HAHA! Had some friends that did just that. Put an above ground in the backyard - kept it for 12 years or so until the kids outgrew it, the broke it down & redid the landscaping. Win-win.

[DCBDaytona]

Sorry, but all this pool talk is BS. The value a pool has in the market depends on the neighborhood. Period.
Pools in areas like Palm Springs and Phoenix/Scottsdale get "all the money" in the market. Put a pool into your San Bernardino 2bed 1 bath or Compton bungalow and you will probably get nothing back. There is no simple formula like "pools are worth $10k" or pools only get 10%---BS. It depends on the neighborhood.
I agree.

[Outnumbered]

Remember this one....:)
http://www.joe-ks.com/archives_mar2003/GhettoPool.jpg

[HM]

I agree.
You would. LOL :D

[DCBDaytona]

You would. LOL :D
You wouldn't :)

[HM]

You wouldn't :)
Well, for most the stuff I have been involved with, it makes little to no difference. There are exceptions.

[Angry Inch]

Commercial real estate is holding it down strong, nationwide. :rollside: :)

[Wmc]

just get a pool like this.. so you can take it with you when you move.
http://www.propools.com/images/Pools/ABG_Pool/56961_2.jpg
Hey my neighbors have one of those!!!

[My Man's Sportin' Wood]

0 fixed...done, feels nice
Good for you!!! :) Most people will never accomplish that.

[CBadDad]

Here is some good info for you guy's. My friend Dan is a mortgage broker that worked out this report that shows how much more a buyer of today will have to put down to secure the same payment as last year. In reality they will both have to meet in the middle. Prices will not return to 5 yrs. ago unless we have WW3 or another great depression. I can see 20% off of the all time highs.
Realtors, are your seller's going to give $129,000 to the buyer just because rates are higher?
Not Likely!
USE THIS RESOURCE IF:
- You have buyers that have been searching for a property for months
- You have clients worried about a rate sensitive market
- You have clients who think the market is over priced
- You have clients who want to wait and see...
Recent increases in mortgage rates force buyers to put more money down to keep the same monthly mortgage payment or sellers to lower their sales price!!! (not likely!)
Examples based on 20% down payment for a
$500,000 / 750,000.00 & $1,000,000.00 home.
Rates as of September 2005: 5.00%
Purchase: $500,000 $750,000 $1,000,000
20% Down: $100,000 $150,000 $200,000
Mortgage $2150.00 $3220.00 $4295.00
Rates as of July 2006: 6.625%
Purchase $500,000 $750,000 $1,000,000
20% Down*: $175,000 $247,100 $329,000
Mortgage $2150.00 $3220.00 $4295.00
*Needed to keep the mortgage payment the same due to the increase in mortgage rates. OR the seller has to drastically reduce the sales price!
Please have your clients call me and we can discuss their best strategy. Our market is on tract for 7.00% rates within the next 14 months.
Sincerely,
Dan Coleman
Senior Mortgage Banker
(949) 789-1080 Office
(714) 394-9422 Cell
(714) 262-4883 Fax
This is all a bunch of realator/mortgage broker mumbo jumbo. If you haven't noticed WW3 is here.
Hell ya, sellers are gonna take a hit, they got to. It all comes down to what the regular guy can afford every month. With interest rates going up and fuel prices affecting everybody & everything, the average Joe has less to spend every month and therefore prices are gonna fall. Simple as that. How much and how far is any bodies guess. If you knew that, you'd also be able to pick the lottery numbers.