IS IT OVER YET?
Everyday when I check my email, I see headlines for cnnmoney.com. There are three headlines and at least one of them has something to do with the housing industry. Today I got the pleasure of reading a story about a couple from Penn. who got a "Toxic Mortgage." Everything worked out for them in the end, but it seems they were a victim of the American Home Mortgage BK. I feel bad for people like these. I can offer to sell their home before they go into foreclosure but what do they see? Another person trying to make a buck off of them. Somedays I just feel hopeless in this mess we have gotten ourselves into. It was like a roller coaster going up, up and up. We all knew that it had to come down, we just weren't sure when it would happen. I am sure that everyone out there is asking the same question I am, is it over yet? When things go wrong, people want someone or something to blame for it going wrong. When I tell people it is a buyers market and they can get an incredible deal on a home, they look at me as if I am trying to pull a fast one on them. "Maybe so, but when I go to sell my home I will get less than what it is worth!" How many times have we all heard that response? I guess this all plays right back into our most important tool in real estate....EDUCATE, EDUCATE, EDUCATE!!! I hope that everything turns around for the better and the market balances out. While a market like 2005 made a lot of people money, I think we would all agree that a more stable market would be best for all of us. Enjoy your day.
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