Recession? What Recession? We Are Actually Running Into A Housing Shortage!
Posted on 17. Jun, 2010 by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short Sales
(No Ratings Yet)As a lot of you may know, my job in my real estate company and as one of the main Mentors in our Fortune Builders Mastery Program is to stay ahead of any changes in the real estate investment world and to forecast what is coming down the road as far as challenges and opportunities so we can make money before everyone else jumps on the bandwagon. Well, I have to tell you, we will all be in for a huge surprise if changes are not made immediately! Listen in as I go over what our hurdles will be and also where our challenges will lie for the future of real estate investing! Also listen in as I cover what the delisting of Fannie Mae and Freddie Mac means to our real estate investing environment, what I think about the recent Freddie Mac letter that talks about short sales being fraudulent really, whether a short sale can occur if a homeowner is current, our upcoming bootcamp with Fortune Builders and Than Merrill and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.
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James Donovan
18. Jun, 2010
Our early research back in 2007 anticipated the quasi-governmental agencies / GSE’s would cost taxpayers 1 trillion before wash-out and bottom trauch forms during 2013.
I disagree that housing prices will increase tremendously as we anticipate as many as 15 million homes being at risk of foreclosure. Any increase in housing prices will be strictly tied to wage growth. Builders will not be required to build as most will not be able to afford new construction until raw land pricing drops to levels that provide value when SF building costs are averaged into the equation. I am interested in your short-sale software as I firmly believe the banks are forced to choose this method over modifications when the FRC begins draining liquidity at year end. The current velocity cannot be sustained when M3 is used as the medium. So, tell the builders to dig in and wait for the storm to subside and expect the next uptick in RE to form during 2017 as wage growth firms and U6 numbers fall to 12.8%.