Because of the rise in home values, much of that financial distress has been covered by the increasing amount of equity that people have had in their homes. That equity is now being created at a slower pace, and default activity is inevitably on the rise. -Marshall Prentice

 

Because of the rise in home values, much of that financial distress has been covered by the increasing amount of equity that people have had in their homes. That equity is now being created at a slower pace, and default activity is inevitably on the rise.


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This quote is just one of 9 total Marshall Prentice quotes in our collection. Marshall Prentice is known for saying 'Because of the rise in home values, much of that financial distress has been covered by the increasing amount of equity that people have had in their homes. That equity is now being created at a slower pace, and default activity is inevitably on the rise.' as well as some of the following quotes.

Because of the rise in home values, much of that financial distress has been covered by the increasing amount of equity that people have had in their homes. That equity is now being created at a slower pace, and default activity is inevitably on the rise.

Marshall Prentice

Sales are strong, but not at a peak, and price increases are slowing down, especially in the markets that took off first back in 1998 and 1999.

Marshall Prentice

This stability means that the market will probably stay strong at least through the end of the year.

Marshall Prentice

The frenzied part of this real estate cycle is behind us and what we're seeing so far is a normalizing of the market. Mid-market and entry-level homes are selling well, the move-up and prestige markets are leveling off.

Marshall Prentice

In other words, homes that would have sold for $900,000 in 2004 sold for more than a million last year.

Marshall Prentice