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Archive | November, 2016

Nov 9

The Importance of Financing to the Real Estate Market

The Importance of Financing to the Real Estate Market

The most recent real estate cycle (build-up, bubble, crash, recovery) has brought to light the major impact on the market made by the availability of financing.  Easy, wide-spread access to sub-prime loans led to an unprecedented run-up in home prices.  Sub-prime went away, home values dropped, and now we are several years into the recovery. So how important is the availability of good financing to a real estate market?  Absolutely crucial. For example, a house in Yuma today for $122,000 costs about $775 per month on an FHA