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banks: DICHOTOMY (BANKING) - 11/06/10 10:57 AM
Interesting, banks (or so I have read) are sitting on about One Trillion in excess reserves. The Fed is trying to put additional cash into the economy and risking inflation. Banks are quick to point out that there is a) low demand and b) credit risk is too high. But as any real estate agent can tell you on the lending side, banks are doing everything they can to virtually discourage lending plus if they have a chance to get paid early on a short sale forget it. So I am sitting having a cup of coffee and thinking about these … (2 comments)

 
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Perrin Cornell, Broker, ABR

Wenatchee, WA

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Century 21 Exclusively, Wenatchee, WA

Address: 135 N. Mission, Wenatchee, WA, 98801

Office Phone: (509) 662-2100

Cell Phone: (509) 669-0354

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Comments and advice on the Real Estate market in Washington State and the housing market in and around Wenatchee, East Wenatchee and the Wenatchee Valley.


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