Market Conditions
Trends in the United States economy have led to the growing market for foreclosure services and equity stripping. Property values have increased dramatically from 2000-2005. However, with an increase in values, foreclosure rates also peaked in 2001 and remained high, leaving numerous foreclosed homeowners with substantial equity. With these trends, a market emerged to tap into this equity.
Read more about this topic: Equity Stripping
Famous quotes containing the words market and/or conditions:
“... married women work and neglect their children because the duties of the homemaker become so depreciated that women feel compelled to take a job in order to hold the respect of the community. It is one thing if women work, as many of them must, to help support the family. It is quite another thing—it is destructive of woman’s freedom—if society forces her out of the home and into the labor market in order that she may respect herself and gain the respect of others.”
—Agnes E. Meyer (1887–1970)
“Any man who does not accept the conditions of life sells his soul.”
—Charles Baudelaire (1821–1867)