Real Estate Home Solutions
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Real Estate Solutions & Strategies...Its What We Do!
Welcome to: RealEstateHomeSolutions.com
We are Real Estate Investors & Specialists looking to help you manage all of your Real Estate needs. We offer the best in Real Estate Home & Property Solutions and Strategies you will find anywhere in the Tampa Bay area and across the state of Florida! Real Estate Home Solutions has been located in Holiday since July of 2015.
WE HELP YOU SAVE YOUR HOME!
From Foreclosure, Late Payments and other Financial Problems.
WE BUY HOUSES & HOMES!
As well as Commercial Properties and many other Properties.
WE HELP YOU GET LOANS!
Loans for Home Improvement, Education Like Going
Back to School, New Roof and many other reasons.
Let us put our staff and associates vast experience and knowledge
to work for you to solve your Real Estate and Property needs.
CALL US TODAY TO FIND OUT HOW WE CAN HELP YOU!
ITS FREE!
JW DAVIS - REAL ESTATE SPECIALIST
Office: 727.657.3339 Cell: 727.218.9584
EMAIL: admin@RealEstateHomeSolutions.com
Did The Bank Say No? We Can Say Yes!
YOU CAN OWN A HOME TODAY! We want to help you where the banks failed to. We find houses and homes for people that meet their needs, in nice neighborhoods at prices you can manage! Stop paying Rent and Start Owning!
EZ Qualifying - Call our Office Today!
727.657.3339
JW Davis, Professional Provider of the American Dream
Real Estate Investor & Property Specialist
727.218.9584 727.667.5045
WEB: www.RealEstateHomeSolutions.com
THE AMERICAN HOUSING BUBBLE TIMELINE AND CAUSES
By: Dave Gildner
The USA housing bubble wasn't something that popped out of a box one day. It was building up for the better part of the decade, but it still came as a shock. The subprime mortgage crisis and the real estate market crash were quickly followed by a severe credit crunch. With loans drying up, consumers stopped buying and the vicious cycle spiraled into the Great Recession of 2008-09. From 2007 to 2010, tens of millions of people lost either their homes or jobs or both.
The roots of this crisis go back to 2001, to the dot com crash and 9/11. This deadly combination knocked the stuffing out of the economy and the only thing people had left to maintain their lifestyles was home equity. Congress deregulated the banks and the Federal Reserve kept interest rates low, thus allowing mortgage lenders to shovel money out the front door to all comers.
The result was that speculators started buying homes just to make a quick buck. Even for ordinary home owners, it was easy to take out equity loans and second mortgages so that they could enjoy the fruits of the housing boom. According to BLS (Bureau of Labor Statistics) data, non-farm payroll employment for residential construction jumped 29.1% from 2001-06. Employment among loan brokers jumped nearly 120% during the same period, and the real estate credit industry grew by 52%.
Speculation fueled by irrational exuberance is what the FED is there for. They could easily have kept it under control by increasing interest rates. Instead, they did nothing until it was too late. Wall St. Was knee deep in derivative products created from these subprime mortgages. The lenders had created mortgage packages graded by the credit ratings agencies and then handed them off to investors.
Private equity funds began using it to setup massive leveraged deals where companies were wildly overvalued and the only security the banks had was these worthless mortgage papers. Everybody was in on the systemic fraud, and share values and home prices kept climbing. When the bubble finally collapsed in 2007, the banks were left mortgages in default and bankrupt companies which had been valued at billions just a year or two before.
By this time, home values had tanked so much that even ordinary people who had nothing to do with the mess found their home loans underwater. From 2006 to 2009, the real estate industry lost all the gains for the entire decade, and then some. Employment in residential construction dropped 36.6% and home loan credit companies started laying off employees so fast they lost 44% of the workforce in the same period.
Faced by a credit crunch and delinquent home owners, the banks panicked and sent out millions of foreclosure notices. Nearly 8 million homes were ultimately foreclosed in 2009-10. Over 10 million homes were still underwater in 2011, poised on the edge. The federal government has now forced the five biggest banks to spend $25 billion to help out everyone who lost their homes due to The USA housing bubble.
In spite of the recent American housing predicament, this Real Estate agent in Newark remains optimistic regarding a turn around. Plus, they have some pretty proficient agents working in the organization to help out sellers and buyers alike.
WE SUPPORT,
MY FRIEND EDDIE...
WE ALSO SUPPORT...
