The thought is the recession is over....I just don't agree...with 14% of homeowners missing a mortgage payment or in pre-foreclosure, jobless rates at an all time high and credit restrictions and guidelines getting harder and harder to obtain a loan...I say we are headed for a huge bottleneck(if we aren't already there). I don't want to be a Debbie Downer but I really think the banks will need to ease up on some of the lending guidelines to get more inventory both distressed and otherwise off the books...Plenty of good candidates out there to buy homes but when that person has their credit lines cut in half, it affects his/her credit score...I recently heard some bigger banks going to 660 credit scores for lending...I just think we are at a viscious cycle and something more PROACTIVE needs to be done to fix the RE Market...what's your take?  

Melissa Polce  mjpolce@kw.com  704-450-4335

www.MyRelocation2Charlotte.com   www.ExclusiveHomesofCharlotte.com

www.TheShortSaleAgents.com

"Lake to Land, I've Got It Covered"

 
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