High end home foreclosure listings have spiked in recent months. This is evident of just how bad the real estate crisis is, and that it is not just middle class families who are being affected. Not only are these prime borrowers failing behind on their mortgage payments, but also car loans, credit cards, and property taxes. You would think that this paves the way for more legislature and creatively, legal mortgage products that will help to turn this crisis around. While the government has quickly bailed out large companies who were in a financial pinch, it has been slow to aid homeowners whose tax dollars were probably used to help the corporations.

With the growing number of home foreclosure listings, you begin to wonder what some of the additional fallouts related to this crisis will be. One thing that comes to mind is that the decrease of home sales has got to affect real estate agents. Many of these agents sold homes full-time, and now that there are more stringent loan approval rules, this affects the number of potential buyers who can be approved. Also, banking institutions that granted the loans are reporting huge loses because people are defaulting on loans. Potential buyers who can qualify under the new rules are required to put more money down before purchasing. This may delay their purchase if they do not have the full amount.