Barbara Allen

Barbara Allen's Posts

Big Money: Peak to Peak Big Money: Peak to Peak

After years riding the wave of 45-year lows in mortgage rates and nonexistent lending standards, home building began facing the music in 2006. I suspect that 2007 will prove to be worse, as lenders react by instituting what used to be normal requirements for mortgages. Adjustments in sub-prime may squelch first-time buyer purchases, with ricochet effects all the way up the price points. Read more

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