My New Blog

Sales are up, prices are down, rates are low...if you heard this statement several years ago, you would have jumped on this market! So, what's wrong with this picture?  

How many of you have lost income due to the recsession (or maybe Dr. Alan Israel is right when he insists it's a depression). Or is it, since the lending rules have changed to reflect the sagging property values,  that not as many of us have a real down payment laying around?

No 100% financing or stated income (over 80%) at this time. Self employed borrowers are having the worst time of all qualifying for loans. It's back to net income for them.

It'll all be back some day, believe me. Whatever you think it is, don't blink twice, you will miss this market. All is in flux and we are, at all times, a few spoken (or mis-spoken) words away from a market shift.

Anyway, I mean it when I say, I am here for you. Things are tough, but not as tough as they were...or are we just getting used to "tough"??? We resilliant little creatures will find light at the end of the tunnel, even if we have to dig our own tunnel and install the friggin light ourselves! No, I'm not a Polyanna, I am just making lemonade ("when life hands you lemons...").