What was the result of the housing market crashing?

Housing Market

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by fauxto_digit

housing market question by Shorena: What was the result of the housing market crashing?
the housing market crashed about 6 months ago. but i don’t really see a change. Well I have noticed that houses are dirt cheap and there are no buyers. And i don’t even know why that’s happening.

housing market best answer:

Answer by Sherry H
ARM (Adjusted Rate Mortgage) mortgages were the beginning. Unfortunately these people for whatever reason did not refinance into a fixed loan within a few years. My initial mortgage was an ARM. I refinanced within 2 years to a fixed rate and am soooo happy I did. That is the only way you can budget your money. I like knowing what I will be paying each month, no surprises.

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The Housing Market and Economic Crisis Explained

This is a video that explains in layman terms what happened to the housing market and the economy crash from the end of the Bush Administration and into the Obama Administration. Narration and research by Ryan Dawson of Rys2Sense.com. Please share this video with as many people as you can.
housing market Video Rating: 5 / 5

Tags: crashing, Housing, Market, result

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