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More realtors and quick money ‘flipping’ investors than real qualified buyers are the nightmare of housing market
Sam Adelton
May 15, 2007

The real estate market especially the hosing sector is facing a new challenge. There are now more realtors and quick money ‘no down flipping’ investors in the market that real qualified buyers. Some these investors are shameless. They just lost millions and made their lenders look like a fool but they continue to borrow no down and make deals in a collapsing market place.

Interestingly, there are more realtors than buyers now. The inventory of old homes keeps swelling at an unprecedented level. The prices in some regions are collapsing half a percent per month. In the middle of all this the buyers are really confused as several realtors are chasing them from right and left.

The banks are helpless too. They are holding enormous amount of foreclosed properties and there is no sign of any end in trouble. However, they are flushed with liquidity and cash. They do not care since they can afford to write off billions.

The buyers are looking for new homes. New home demand is rising again. The old home demand is falling very rapidly.



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