St Louis Commercial Mortgage and Loans: Mortgage Industry Recovery At Least A Year Away
St Louis Mortgage and Real Estate News –
St Louis Mortgage Refinancing and Principal Loan Reduction News: Housing Recovery May Be A Year Away?
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate
According to Bank of America Merrill Lynch (BOAML) strategists, the hoped for recovery for home prices appears to be still more than a year away and most St Louis mortgage brokers agree.
"Currently, our view is toward the
benign side relative to the market’s expectations, we think," BOAML strategists wrote in a non-agency MBS Research Alert.
Chris Flanagan, Ryan Asato and Timothy Isgro said their model calls for home prices reaching a bottom in the second quarter of 2012.
The analysts expect the Standard & Poor's Case Shiller home price index to fall another 4.1 percent from its third-quarter level.
They said the index is down 3.4 percent from its June peak and not far off its low in May 2009.
The BOAML strategists believe there's "evidence that home buyer outlook for prices is correlated to subsequent short-term home price movements."
The homebuyer outlook data is gathered in the monthly survey by the National Association of Realtors (NAR).
The data implies the Case-Shiller index for the largest 20 metropolitan areas of the country will bottom out in January at 5.6 percent lower than the June peak.
The index will then start climbing in February, according to Flanagan, Asato and Isgro.
"We think the December reversal in buyer outlook is a positive short-term sign for housing," they said.
They conclude: "It is commensurate with the broader increase in consumer confidence and also provides a measure of support for the price increase in non-agency MBS since the start of the year."
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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 at (314) 334-0210 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.
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