Cossayuna Lake Topics: This weeks Barron's on housing

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	Name:	roswellric -
	Subject:	This weeks Barron's on housing
	Date:	8/22/2006 3:18:23 PM

P 33.
Interesting Stats:

--32.6% of new mortgages & home equity loans are interest only
--43% of first time buyers in 2005 put no money down
--15.2% of 2005 buyers owe >= 10% more that the home is worth
--10% of all home owners have no equity
--2.7 trillion dollars in loans will adjust upward in 2006,2007

Don't know all the sources but Barron's is usually pretty reliable. If this is so, there could be a serious liquidation ahead....

Other messages in this thread:

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This weeks Barron's on housing - roswellric - 8/22/2006 3:18:23 PM

This weeks Barron's on housing - rude evin - 8/22/2006 10:04:44 PM

This weeks Barron's on housing - BamaBob3 - 8/23/2006 5:32:34 PM

This weeks Barron's on housing - Ulysses E. McGill - 8/23/2006 5:52:42 PM

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