Changes in the Housing Market

It seems like recently everywhere we turn we hear negative reports about the housing market.  This flames of the fire are fanned constantly by the media!  If it weren’t for BAD news they’d have no news at all.  I heard from a couple reliable sources that over the past couple of weeks a major lender in the housing market was about to close it’s doors, however, the fed stepped in an “saved the day” by pumping in several billion dollars……….NOW if that lender would have shut it’s doors, then “yes” we would have a major crisis…..but they didn’t. 

I do think many lenders have over extended themselves and wrote loans that shouldn’t have been written, we will be seeing those houses in the foreclosure market in the near future…..but back on the positive note.  We live in a fairly stable part of the nation and not that much has really changed around here.  One large change that I have seen is homes seem to stay on the market for a much longer time.  Again because buyers are “running scared” with all the bad press from the media.  Interest rates are still good—providing your credit is good.

My husband has always said my cup is “half full”….maybe I’m just looking on the bright side, but there’s just no sense in everyone pushing the panic button. 

This entry was posted on August 28, 2007 at 11:35 am and is filed under Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.