Sentences with phrase «especially during the housing boom»

Over the years, cash - out refi loans took a bad rap, especially during the housing boom, when too many homeowners relied on the method to stay above water.

Not exact matches

Hence Rabbit's constant remembrance of things past: his fading stardom as a high school basketball hero in Mt. Judge, Pennsylvania; his youthful marriage to the store - clerk Janice Springer; their many sexual felicities and infidelities; the deaths that each so horribly caused in their own house; their moral enmeshment in the lives of their friends and families, especially their elderly parents and their own son Nelson; Rabbit's jobs as a typesetter and car dealer, and now Janice's belated career in real estate; their financial prosperity during the boom of the «70s when they bought vacation homes in Florida and the Poconos; now their fear of economic ruin amidst the coming Depression.

Now that the so - called housing bubble has burst and property values, especially for single - family homes, have readjusted, they find themselves in houses that are not worth the mortgage that was originally used to pay for them during the housing boom.

Last year, they accounted for about 9 % of the volume of all mortgages made in the U.S. and were especially popular in California, Florida and Nevada — states where home prices rose the most during the housing boom and are now falling most sharply.

However, if the local market experienced high appreciation (a big housing development came in, a big company announced huge expansions and new high paying jobs nearby, etc), then the short time period isn't quite so unusual - especially during boom times.

During the boom period, especially between 2010 and 2013, housing prices soared at 11 - 13 percent per annum, and up to 18 percent in certain areas.

During the housing boom, borrowers — especially those with spotty credit histories — took out ARMs in droves.