Principal Reduction Program: Home Prices Dropping Again

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Modification News: Will Home Prices Drop Another 8 Percent?
St Louis Home Mortgage and Commercial Loans | Commercial Mortgage Loan
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan
 

 In a shocking prediction, Fiserv, a market analytics company, has scaled back its home price projections considerably.

In February, it forecast national price gains of about 4 percent through the end of 2011 according to principal reduction program specialists.

The company's latest prediction is for

a 7.2 percent drop in prices between June 30, 2010 and June 30, 2011.

In fact, after five months of gains, prices in the 20 largest metro areas fell 0.2 percent in August, according to the latest S&P/Case-Shiller report.

The good news is, "There'll be no vicious, self-reinforcing spiral down," according to Mark Zandi, chief economist with Moody's Analytics. But, he added, "more home price declines are coming."

He's forecasting another 8 percent drop in home prices through the third quarter of 2011, which will put the total peak-to-trough decline at 34 percent. Even after that, in 2012, he sees very little price growth.

Home prices continue to fall because sales aren't taking off. Without buyers, the market can't bottom out.

New home sales continue to languish around historic lows, barely exceeding an annual rate of 306,000.

Existing home sales did rise to a 4.54 million annualized rate in September, up 10 percent compared with a month earlier, but are still well below the boom years.

Of course, nobody is buying homes when they can't find jobs.

And still more people can't hang on to their homes because they're out of work.

Nearly a million homes are expected to be repossessed this year, and analysts seem to be competing to issue the most dire forecast for future foreclosure numbers.

- Morgan Stanley reported that about 3.1 million borrowers are seriously delinquent with many expected to lose their homes.

- Zandi said more than 4 million are in trouble with half of those expected to go to foreclosure.

- And Laurie Goodman, of Amherst Securities, estimates the number of homes in danger of foreclosure at a whopping 11 million or more.

- Real estate analyst Kyle Lundstedt of LPS Applied Analytics said serious delinquencies will continue to spike and will not return even to the current rates which are already at peak levels until late 2012 or early 2013.

=============================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

 

We Are Now On Google Maps!

 St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage. Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book. 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.