Comments on: WHY THE HOUSING CRISIS IS STILL IN THE EARLY INNINGS http://pragcap.com/early-innings Sat, 11 Feb 2012 20:04:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: TPC http://pragcap.com/early-innings/comment-page-1#comment-9639 TPC Mon, 07 Dec 2009 08:04:26 +0000 http://pragcap.com/?p=13789#comment-9639 Hard to disagree with that comment. The extension of the HTC also will help to hold prices up. Hard to disagree with that comment. The extension of the HTC also will help to hold prices up.

]]> By: buckstar http://pragcap.com/early-innings/comment-page-1#comment-9637 buckstar Mon, 07 Dec 2009 07:30:48 +0000 http://pragcap.com/?p=13789#comment-9637 Given that the Gov is offering zero down FHA loans up to 730k (with >600 credit score!), the FED is keeping mortgages at 5%, and the banks can sit on foreclosures as long as they want due to mark-to-fantasy accounting, it's questionable how much lower home prices can go.... If there were no crutches, we would likely be only half way through the correction, or so. Given that the Gov is offering zero down FHA loans up to 730k (with >600 credit score!), the FED is keeping mortgages at 5%, and the banks can sit on foreclosures as long as they want due to mark-to-fantasy accounting, it’s questionable how much lower home prices can go….

If there were no crutches, we would likely be only half way through the correction, or so.

]]>