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A Housing Slowdown Is Underway, but This Downturn Is Nothing Like the Last One, Experts Say

Pro Builder

The housing market is finally cooling off after a mid-pandemic hot stretch, but today's market is much more stable than the bubble and bust buying landscape of 2008. There are currently 2.5 million adjustable-rate mortgages, or ARMs, outstanding today, or about 8% of active mortgages.

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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 There remain pockets of the country where housing debt-traps are widespread. At a more granular level, there are three zip codes in the Cleveland area where roughly half of all homes still have negative equity. Economics.

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Gen Z May Surpass Millennials in the Homeownership Race—Here’s Why

Pro Builder

Because of their negative experiences, millennials questioned if they needed to own a home, avoiding taking on debt and making equity investments, Ben-Shabat said. Gen Z is no stranger to financial difficulties or challenges because they [lived through] the peak of the 2008 recession," Ben-Shabat continued.

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Financial Difficulties Drag U.S. Household Formation Down

Pro Builder

First, massive amounts of savings and equity were lost in the 2008 financial collapse and subsequent foreclosure crisis, impacting the ability of both older generations to retire and younger ones to shield their children from substantial college debt.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

NJEDA approved a Grow New Jersey award for WebiMax, a leader in online and digital marketing services that was founded in 2008 in Mt. The grant is not meant to be a substitute for conventional debt and equity financing, and applicants should generally have their primary debt financing in place before applying.

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Pity the fool - The Business Facilities Blog - Economic Development.

Business Facilities

Friday, October 24, 2008. Those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief, he said. They used these to bundle ridiculous sub-prime mortgages and spread the unsecured debt throughout the global financial system.

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

In 2008, when Hodges was working through the housing crisis in Florida for builder K. I just became more averse to that [spec homes and lots] type of debt, so rather than carry land debt on the balance sheet, I worked on growing more locations and investing more in the company and in people,” Allen says.