Listika - Realistika

In US the housing bubble has already burst under the weight of rising interest rates and the ever-deepening mortgage market crises for those borrowers with weak credit histories. The bursting comes after home prices went through the roof by speculation upto 80% between 2000-2006.
The housing market is now characterised by falling home prices nationwide for the first time in 15 years time frame. It has added fuel to the fire as there are very high vacancy rates and record inventories of unsold homes. Housing demand could be strained as more than 500 Billion USD in adjustable rate mortgages are reset at higher interest rates in 2007. The rising default rates could result in as many as 500,000 foreclosed properties returning to the market, where the housing market is already saturated. We need to learn from the US before India’s housing market also fall in line as elsewhere in the world. We need to choose how much loan we commit for our house. The trends are becoming similar in India’s market as the interest rates have started to move northward.