This chart represents the number of FHA endorsements for California divided by the number of home sales reported on a monthly basis by Dataquick. FHA's loose underwriting, falling prices, supply being held off the market and ultra low interest rates are what are currently affecting the low end so dramatically here in CA.
Showing posts with label future trainwreck. Show all posts
Showing posts with label future trainwreck. Show all posts
Thursday, October 29, 2009
FHA concentration in California homes sales
This chart represents the number of FHA endorsements for California divided by the number of home sales reported on a monthly basis by Dataquick. FHA's loose underwriting, falling prices, supply being held off the market and ultra low interest rates are what are currently affecting the low end so dramatically here in CA.
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