The Subprime lending issues are still taking their toll on the US economy and these tough times are sending economic ripples around the world. The US banking sector is under the gun, with more regulation expected and too, you can expect more scrutiny in the Real Estate Sector as well.

With so many homes in foreclosure and more to follow, the economic stimulus plan cannot stop it, but, hopefully prevent it from spilling over into Retail, Auto and service sector. It is already taking its toll on Small Business. If we look at Florida, we see just how bad things can get, if we do not stop the cascading and domino effect of this perpetual bad news and media re-enforced mass economic hysteria

Now Mortgage companies are now requiring much tougher requirements before granting loans. They are requesting more money as down payment and much higher credit scores, something that any lender should have been doing all along, especially at the top of the real estate bubble. Many folks, who cannot sell their home, may be forced to stay where they are. Many vacant homes currently on the market may not sell for 6-10 months due to their underwater equity reality. Those homes may become available as rentals.

With fewer people qualifying for homes now, will be forced to rent now. Those who have lost their homes due to foreclosure will also have to rent, and it is for all of these reasons that the Online Think Tank predicts strong growth in home rental markets well into 2010.

“Lance Winslow” - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/.

Lance’s Bio