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 slowerpace, and default activity is inevitably on the rise.
There are not yet any comments on this quote. Why not register / login and be the first?
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.
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.
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.