Subprime Loans 10 years Later

Subprime Loans 10 years Later - 843, REALTOR

Posted: 03/16/2018 12:16 PM

Article By:
843 REALTOR

Some are using March 2018 as the 10 year anniversary of the housing crash from the subprime meltdown. It was 10 years ago with JP Morgan's deal to rescue Bear Stearns for $2 a share after Bear Sterns suffered deep losses with its mortgage investments. Bear was the first major investment bank to fail, but it would not be the last.

During those 10 years many REALTOR's had a close connection with the housing crash with clients, neighbors and friends that had purchased homes and were now affected by the great recession. Even if your neighbors never used a subprime loan they were affected by the poor economy including the stock market crash.

The economy has recovered or should I say evolved. Based on recent records it shows male workforce participation is down. The Home-ownership rate is finally starting to rise after the foreclosure rate has finally leveled off.

During this 10 year anniversary of the market crash it seems ironic that the some in Government are trying to roll back some Dodd-Frank regulations that many feel were set in place to help the market never repeat history.

Interest rates are still low and as the data suggests more home buyers are owning a home.