So, the predictions have been made and we have seen some drastic meassures by the feds to help the economy. So have things changed?
So far from my personal expirience it seems that people are starting to buy houses. They are also taking advantage of the interest rates being low. Although the overall numbers may not lead to more activity than 2 or more years ago. I think our industry will see a great 2008. Competition has started to become less and less. There are less lenders, real estate companies, and loan officers.
In the past few weeks I have seen a dramatic change. More applications. More purchases. More people inquiring. I think somewhat driven by a bargain of lower home prices.
Lending is still being re-shaped. There are still issues at hand. But, overall I truely beleive this is a great time for a consumer to take advantage!
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