Cheryl's Blog Absarokee, MT

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About the Mortgage Meltdown

Absarokee Montana


With the mortgage meltdown and the housing bubble it look like it will surely will keep slowing way down.  How many of you watch on CNN about the "Mortgage Meltdown" and how it effect the Housing Bubble.  It was on Sunday March 30.  It was very interesting to watch that!  How the mortgage effect the housing across the nation.  Buyers are not going to buy until the economy stabilizes it self out.  The sellers knows that their property will not sell.  Due to what happening! 

Share your opinion on the Mortgage Meltdown.    

I'm covering the area of Stillwater County, Carbon County, and Yellowstone County.  Which area of each County?  Stillwater County; I'm covering the area of Absarokee, Columbus, Nye, Fishtail, Dean, and Ryegate.  Carbon County; I'm covering the area of Red Lodge, Roberts, Roscoe, Boyd, Joliet, Rockvale, Bridger, Fromberg, and Belfry.  Yellowstone County; I'm covering the area of Billings, Laurel, and Park city. 

I am a Member of the:
Billings Multiple Listing Service
Billings Association of Realtors®
Montana Association of Realtors®
National Association of Realtors®

Cheryl Frei - Realtor® & e-Pro Certified Realtor®
Diamond Realtors
Montana Homes for Sale
P.O. Box 308
Absarokee, Montana 59001
Cell (406) 598-8037

 

  

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Comments

3 comments • Cheryl Frei - Realtor® & e-Pro Certified Realtor® • April 01 2008 08:24AM

Comments

I'm over here in Virginia and things have picked up alot over the past 3 weeks. In my personnal; opnion, i think that the we will actually hit " rock bottom " this year and the market will turn in the next 12 months for the best  just as fast as it turned for the worst. In my opinion, i also hear the finger being pointed at the broker,as for being the cause of this. I think that the war has had alot to do with this because it took way to long for anyone to get up an attempt to even look at the issues. The number of foreclosures were high in 2006 and in 2007 they trippled. The u.s. economy is suffering while we have a trillion dollar war going on. What is wrong with this picture???
Posted by Charlie Doriguzzi ( Foreclosure Specialist ) (http://www.liveinhamptonroads.com) about 1 year ago

This whole thing does not surprise me in that we have a President that is term limited, so a new Commander in Chief is inevitable.  Every time we have a Presidential election there is some form of national crisis.  I think it's planned so that one party can point the finger at the other party.  But, then again, maybe I'm a conspiracy theorist.

Our market has started showing fewer DOM and the buyers are getting a little more active.  Not as much "tire kicking" going on. 

Posted by Carol Smith (Concept Builders/Shamrock Valley) about 1 year ago
Charlie - I agree with you especially with the money that being spent for the war.  I did also heard about the broker too.  I do hope it's a fast recover too.

Carol - I have seen that too with each President election.  I had some buyers drop off my list because of the economy.  I will be so glad when it get back to normal in the real estate market.
Posted by Cheryl Frei - Realtor® & e-Pro Certified Realtor® (Elite Realty - Absarokee, Montana and Billings, Montana) about 1 year ago

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