Banks are evaluating lower to be over cautious to avoid other crisis.

Unfortunately, the house is still on the market -- a buyer backed out 2 days before closing (about 2 weeks ago) because of a family crisis.

Sorry I haven't been on, but family health crisis' happened (parents are elderly and unwell).I hope to find a mentor that deals with passive income very, very soon.

Still, REOs were less than half their peak of 102,134 in September 2010.REOs have increased the most from a year ago in the following states:Florida: +78%California: +23%Texas: +187%Georgia: +87%Michigan: +129%Ohio: +69%New Jersey: +344%Meanwhile, foreclosure starts have fallen to pre-crisis levels and are down annually in 31 states, RealtyTrac reports.

Real estate tends to go in an 18-year cycle with notable exceptions being World Wars and Currency Crisis.

The so-called "rent crisis" was created by strict building regulations, zoning, and NIMBYism.

About your interest in my market: Brazil has entered into a recession and is now fighting against a political crisis, where congress and president can't agree on fiscal adjustments that must be made to "stop the bleed", Not to mention that currency devalued over 50% in the last 18 months (think of inflation in a recession environment), unemployment rise, and interest rate up at 14.25%, hence credit became scarce and expensive.In this light, construction industry, that represents 10% of our GDP, is among the ones that are suffering the most: prices going down, growing unsold inventory (24 months in certain zip codes), etc.

I'm hoping we will have a crisis like we had in 2008, then hopefully the deals will flow.

It all started when I got run over on a home back during the mortgage crisis and rather than just be a victim, I started to learn the industry to make sure I didn't make the same mistake twice.

A good reminder that no crisis lasts forever.