Comments on: Twin Cities Foreclosures & Short Sales – A Report Analysis

By: Minnesota Short Sale

Minnesota Short Sale — Sat, 04 Jul 2009 19:57:30 +0000

Interesting charts comparison from 2007 to 2008 is unbelievable, and you show the charts in a few different ways to get the picture. I like the property type part also.

By: ryan l

ryan l — Fri, 15 Aug 2008 13:21:37 +0000

Yeah I kind of figured it was at least a couple of years off, thats why all the Investment banks are writing down all the bad mortgage backed debt right now….”scrambling for a port in the storm” so to speak.

I glanced the tubes for data on credit card load… a quick scan turned up this report
http://www.indexcreditcards.com/creditcarddebt/
showing an increase in debt load of 19% in two years.

By: Aaron Dickinson - Edina Realty

Aaron Dickinson - Edina Realty — Thu, 14 Aug 2008 23:03:47 +0000

Ryan,

Here’s the loan resets you wanted to see… it’s kinda cool/scary.

http://calculatedrisk.blogspot.com/2007/10/imf-mortgage-reset-chart.html

By: ryan l

ryan l — Thu, 14 Aug 2008 17:34:58 +0000

As always great report.

The interesting factors that I always want to see against these numbers are:

1.The volume/schedule of ARM loans that have yet to reset.
2. The increase in average cyclical debt load (credit card balances)

Far too many folks have been sitting on the sidelines with their heads in the sand, financing their lifestyle with credit cards while hoping for a market recovery. With peak oil upon us and a seriously upside down trade deficit, that recovery isn’t going to come any time soon.

Eventually they are going to have to cut their losses and sell,IMHO many are still sitting on the sidelines. When they anty up,I fully expect home prices to drop another 15-25%

Of course, all of this didn’t stop me from buying a home in May because I plan on living in it for 7-10 years, the interest rates were low, and we found me a home that was a match for our needs.