The Housing Crisis

Within the United States there has been a housing crisis developing and affecting millions of people everyday. More and more individuals are feeling the strain of the economy on their investments, mortgage and ability to buy a home or piece of property. The economic problems within the nation is severely affecting buyers.

The housing crisis has made is so that persons are needing even higher credit scores to qualify for home loans and affected even their ability to receive a good rate on their current loans. The housing crisis has also made it so that regulations have become less lenient . Banks are now being prohibited from lending to persons with bad credit amongst many other things. Many financial institutions are feeling the effects of the current housing crisis as many are failing as a result of loans gone bad and unpaid. Many banks are now less inclined to give out loans they feel will be risky for them in the future.

Each day there is much speculation surrounding when the real estate market will recover from the housing crisis. There is also much concern surrounding foreclosures and whether it would be the right time to buy and invest in land for sale. The truth is that the real estate market is constantly going up and down, moving from being a buyer’s market to a seller’s market. With a combination of a few factors this constant movement can create a very severe housing crisis.

Within the real estate industry mortgage has been negatively affected by the housing crisis. It has been estimated that by the end of the year 2012 there will be up to 8 million homes foreclosed. Also, approximately 19 million homeowners will owe more money than the price of their house in that same year. Additionally, by 2012, the inventory of land for sale will have doubled its current volume.

The housing crisis has also brought about further estimations. For instance, it is estimated to bring about a median home price of 20% or more and new home start up costs of up to 67%. These predictions are our future if the current housing crisis continues.

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Thank you Land Sales Company for the help you extended in making it possible for me to buy that piece of land in northern California! I have never own my own property here in America. I even call myself a "forever renter" but since I retired, I thought of going to country living ...and my cruising the internet one day in 0ct 2010 paid off because I stumbled upon your website and learned of the possibilities of acquiring affordable land. As a first time buyer I highly appreciate all the help I got from the staff of Land Sales Company More power to you all!

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Leonor V.San Francisco, California

I would like to thank Land Sales Company for the great customer service experience I had when purchasing my land. It was very quick & Easy and the representative’s answered all of my questions before & after I purchased my property. I recommend Land Sales Company to anyone looking to buy a property with a small down payments & small easy monthly payments with A company with perfect customer service experience. I would like to say a Big Thank You! to all at Land Sales Company.

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Rodney P.United Kingdom

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Don H.Hemet, California

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Jacque A.Los Angeles, California

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Cassius B.Richmond, California

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Wendell M.Dallas, Texas

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Bruce JSt.Paul, Minnesota
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