Spring is officially here!  Doesn't really feel like it here in the great city of Indianapolis but its a start. 

     One subject I want to touch base on today is declining markets.  Most home buyers in our area are unaware of areas of declining market.  I recently have seen many different future home buyers dreams go tumbling down the drain when they find out they are entitled to a minimum 5-10% down payment on the house they just got an accepted offer on.  There are alot of great credit score borrowers out there, tipically younger couples, that are looking to buy that have verified assets in a savings account, etc... but after their down payment due to a declining market they are left with very little or nothing at all.  Personally, and what I have been seeing, this is scaring some people out of the market to buy.  Just a personal perception on what I have seen recently and am very interested in hearing what everyone thinks as well.  Also if you know of any particular area's in the Indianapolis area that are in a declining market please post for everyone else's benefit!  Thanks and make it a great first day of spring!

     Jacob Webster...Sagamore Home Mortgage...866-905-6555