The current market is those who can buy between $200K and $350K.  Most of the people are renters with a little cash in the bank looking for great deals in the current market.  They (unfortunately) do not understand what the taxes and insurance do to their payments. They don't understand that for a $240,000. home with the additional costs of owning a home their payments are at least $2000. per month, that's with a good credit score and some seasoned money and a down payment.

Scary that in some cases that the taxes and insurance are almost as much as the mortgage payment. Mortgage insurance (without a large downpayment) is also a shock!

What do you do? What do you say? Buyer's are still scared of the market, but with an above average Mortgage Broker, you can make the deal happen if they have some money in the bank and have documented income.

What are the rest of you seeing in this market?

http://www.KarenMonsour.com, call 954-464-4194, anytime.