In the past two weeks we have been flooded with news about mortgages, home ownership, the four keys to our housing market recovery, more foreclosures to come and a ton of other housing related news. Let's take a moment to review some of this news.

Ben Bernanke, Chairman of the Federal Reserve System said that new rules are coming for lenders. These new rules will prevent "shady" mortgages and provide better protection for the borrower and ultimately result in fewer home loans being made. Henry Paulson, Jr., Secretary of the Treasury said that there is no way to prevent a lot of foreclosures from happening because the borrowers involved should never have been given mortgages in the first place. Congress is close to passing the mortgage rescue bill and the Joint Center for Housing Studies at Harvard University said we were in the worst housing market in 50 years. Credit card companies are reducing credit limits thus lowering credit scores and making fewer people eligible for mortgages. Combine these tidbits with what has been called the "new affordability" for large tract home builders and we are faced with a large amount of information to digest. When I first read all of this material I was left with a severe case of "housing" indigestion. My medicine cabinet held no relief for this type of sickness. The same type sickness that affects our real estate market today.

So what does all this mean? I believe it means that there is a new real estate dynamic evolving; a new housing dynamic that is already here, but not realized nor understood by most of us. A new housing dynamic that will affect current and future homes buyers and sellers, mortgage brokers and bankers, real estate agents, credit restoration/improvement specialists, home builders, real estate investors and just about everyone else involved in the real estate transaction chain.

What I am going to attempt to do over my next few blogs is examine this possible new dynamic and explore the possible affects it will have on all of us. I will title "New Housing Dynamic - Pt ?" with the question mark representing the number of the blog in the series. I firmly believe that the new housing dynamic has arrived. It is time that all of us, from agents, to buyers to sellers, wake up to this fact, address it, and adjust to it. It will have a profound affect on all of us now only now but in the future also.

I look forward to hearing from all of you on this matter.

Have a great day!

Ron