http://blog.jameswedgeworth.com/2009/10/22/the-effect-of-bank-lending-on-real-estate/ Hilton Head Island Real Estate Blog by Realtor James Wedgeworth Mon, 15 Aug 2011 19:09:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://blog.jameswedgeworth.com/2009/10/22/the-effect-of-bank-lending-on-real-estate/comment-page-1/#comment-220 bob Fri, 23 Oct 2009 02:15:08 +0000 http://blog.jameswedgeworth.com/?p=643#comment-220 The problem with this market is prices are still to high. The banks believe the market is still to high. If they get a 25% down payment and the market drops 30% they are underwater by 5% on the loan. When the banks start to lend is when we are at the bottom not before. The problem with this market is prices are still to high. The banks believe the market is still to high. If they get a 25% down payment and the market drops 30% they are underwater by 5% on the loan. When the banks start to lend is when we are at the bottom not before.

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