It seems like every time I turn on the TV, open the paper, or get on-line, I am being bombarded with bad news about the Real Estate and Mortgage industries.  Last night on 60 minutes there was a 20 minute segment on the mortgage and real estate markets and how bad it is.  The thing is they were showing statistics in Stockton CA, where prices had doubled and tripled in a short time.  That is where the problem lies, in areas that are no longer affordable to the first time buyer.  Thankfully my market (Nashville and Middle Tennessee) as well as most of the country is NOT Stockton CA.  Of course it is bad for the people who bought homes there and have seen values plummet and are unable to sell or refinance, but that is not the norm across the country.  We need to make sure that we realize that Real Estate markets are local and what happens in the next city may not have an impact on me, much less what is happening 2000 miles away.  It is going to get worse in the bad markets before it gets better, so prepare for the barrage of negative media, and try to stay focused on the positive!!

Thanks,

Chris Haynes

www.besttnloans.com