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The sub-prime problem continues to make the news. It has led to lenders to tightening lending standards, and so there will be continued home sales decline. The delayed housing recovery, experts say is now postponed to the fourth quarter of this year, will not significantly decrease housing inventory levels even as home builders cut back on new construction. As a result, the national median home price is projected to decline an expected 0.7% in 2007. But as industry professionals are well aware, the health of the real estate market is determined by local factors. The drop in home price is a national average. 

On the up-side, NOW is a great time to buy a home. The inventory choices are many and the list prices are very competitive. If you are qualified to buy a home, the time to do it is now!  

 

http://www.lauriehomesales.com/ is the place to start looking. I will be happy to make the process of buying a home an enjoyable one!

 
This post has been included in Ohio Information Greene County, OH Information

1 Comments on Sub-prime lending continues to effect the Market...

Good points Laurie and all very true. It is truly sad to see how much fraud and bad loans are hurting our market's consumers, but it is all coming full circle now. I'm glad things are changing and the market is running strong. The time to buy is now!

04/24/2007 12:57 AM by Jacob Morales - Arizona Mortgage Planner (US Bank)


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Real Estate Agent: Laurie  Scalf (RE/MAX Resources)
Laurie Scalf
Beavercreek, OH
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RE/MAX Resources

Office Phone: (937) 427-2525
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