We had a disastrous Real Estate Market in 2008 and that bubble was partially caused by unhealthy levels of mortgage
debt. Homeowners were using their homes as ATM's by refinancing and swapping their equity for Cash. Many to invest in other property with loans and low down payments. It was crazy to think that prices would keep going up and up. New purchasers were putting down the minimum down payment, resulting in them having little if any equity in their homes. Now the banks have tightened their lending policies, and people are more savvy. We hope. Today, times are different. We do not think that will happen again. Unlike 2008, over 50% of homeowners have 50% equity in their homes. They will not be walking away if the market softens. Click here to read the whole article. Want to know about the Housing Market in Punta Gorda Florida? If you are interested in Real Estate Listings in Punta Gorda, Florida, you can do so by clicking here See the current Market Trends in Punta Gorda by clicking here. Originally from the bustling city of Mumbai, India, Genevieve Ramachandran relocated to the Burnt Store Isles area of Punta Gorda in 1996, where she specializes in residential properties. Based out of the company’s Punta Gorda office, she welcomes the opportunity to assist both homebuyers and sellers with their needs throughout the region. You can contact her at 941-268-1511 for more information and to see properties. You can read customer reviews of Genevieve’s Real Estate Services by clicking here. https://youtu.be/0IlLG0_dOGI
debt. Homeowners were using their homes as ATM's by refinancing and swapping their equity for Cash. Many to invest in other property with loans and low down payments. It was crazy to think that prices would keep going up and up. New purchasers were putting down the minimum down payment, resulting in them having little if any equity in their homes. Now the banks have tightened their lending policies, and people are more savvy. We hope. Today, times are different. We do not think that will happen again. Unlike 2008, over 50% of homeowners have 50% equity in their homes. They will not be walking away if the market softens. Click here to read the whole article. Want to know about the Housing Market in Punta Gorda Florida? If you are interested in Real Estate Listings in Punta Gorda, Florida, you can do so by clicking here See the current Market Trends in Punta Gorda by clicking here. Originally from the bustling city of Mumbai, India, Genevieve Ramachandran relocated to the Burnt Store Isles area of Punta Gorda in 1996, where she specializes in residential properties. Based out of the company’s Punta Gorda office, she welcomes the opportunity to assist both homebuyers and sellers with their needs throughout the region. You can contact her at 941-268-1511 for more information and to see properties. You can read customer reviews of Genevieve’s Real Estate Services by clicking here. https://youtu.be/0IlLG0_dOGI
