Happy July 1st !  We are halfway through a very interesting year.

For all the predictions of gloom and doom in the real estate arena, everything seems to be OK for most people involved in real estate.

Most of my business at McCue Mortgage has always been Conventional, CHFA, VA or FHA.  The sub-prime melt-down may be hurting those involved but most buyers and sellers weren't looking for or needing sub-prime loans.  I always tried to find an alternative to sub-prime for my credit or income challenged home buyers.  I did not look at sub-prime as my main source of business. 

Realtors, appraisers and other active lenders in the marketplace are commenting to me that we are getting back to a normal market.  Of course everyone's definition of "normal" may vary but all in all, people are still looking to buy a home to provide a nice shelter for their family in a nice neighborhood that they want their children to grow up in or just the homebuyers to enjoy.

Southeastern Connecticut is very active in the <$300,000.00 market.  The programs such as My Community CHFA, DAP, ADDI, VA, FHA and Rural Development are helping lots of buyers obtain their first home.  Take advantage of these programs.  They are workable, easy to deal with if the lender is familiar with them and accomplishing what they are supposed to do - helping buyers purcahse a home.

I am optimistic  for the second half of the year.  I hope you are, too.

Enjoy the 4th.