Tuesday, March 20, 2007
St George Ut Real Estate
St George Ut real estate values may be affected in the upcoming future by the recent 'subprime meltdown', a certain type of home loan that is experiencing heavy rates of default and foreclosure. Although subprime represents a very small portion on home loans overall, the media has hyped it up and investors have become worried reflecting increased volitility in both Stocks and Bonds. While the stock market is taking a beating, causing money to flow into Bonds and Mortgage Backed Securities, which benefit home loan rates- the longer term picture may spell higher interest rates ahead. All this could help to quell any pick up felt in our St George Ut real estate market, leading to longer sell times on the market and perhaps a stagnation on any price appreciation.