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:
“Talk of a divinity in man! Look at the teamster on the highway, wending to market by day or night; does any divinity stir within him? His highest duty to fodder and water his horses! What is his destiny to him compared with the shipping interests?”
—Henry David Thoreau (1817–1862)
“The worst of my actions or conditions seem not so ugly unto me as I find it both ugly and base not to dare to avouch for them.”
—Michel de Montaigne (1533–1592)