Short Sale, Foreclosure and Strategic Default

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Saturday, November 28, 2009

As baby boomers retire, home markets will hurt - USATODAY.com

Interesting article which predicts the prices will start falling when the baby boomers reach a certain age.


As baby boomers retire, home markets will hurt - USATODAY.com: "There are already more sellers than buyers in six states: Connecticut, New York (excluding Manhattan), North Dakota, Pennsylvania, West Virginia and Hawaii. The trend first hits areas with cold weather and traffic congestion, which tend to drive retirees away.

Boomers were 'an incoming tide for four decades. Now the tide's turned, and it's going to make it much harder for housing markets to rise,' said Dowell Myers, professor of policy, planning and development at the University of Southern California and co-author of the study. The trend has long been anticipated, but Myers is the first to analyze buying and selling, state by state."

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