Sentences with phrase «houses during boom times»

Many people pay way to much for houses during boom times due to them getting too emotionally involved with the house.

Not exact matches

ARMs are a slightly more risky option, because they will adjust over time, but today's ARMs are nothing like the ones underwritten during the heady days of the last housing boom, when lenders often required no down payments and no documentation.

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.

The last time the Fed raised short - term policy rates was 2004 — 2006, during the housing boom, when over the course of about two years it raised their target 300 BP.

You conceived of the song during the housing boom times, but it wasn't released until 2010.

During the peak of the housing boom in 2004 and 2005 when inventory supplies were historically low, averaging 4.3 months2 over the two - year peak period, the median selling time was 4 weeks.

The median down payment was the lowest since 2009 but still far above the levels during the housing boom, when nearly half of first - time buyers made no downpayment at all.

An example: Your neighbor refinanced several times during the boom and is now underwater on his mortgage because the house isn't worth that amount anymore... and probably won't be for a few years.