Dont let other people steal your dreams! The media bless there hearts are out to sell papers and negative news sells. LOOK AT ALL THIS GREAT ECONOMIC DATA JUST OUT!
Economists nearly universally agree that a housing market recovery is the key to improvement for the US economy. Certainly a major component to a housing market recovery would be availability of credit which---of course---is what started this whole mess back in August, 2007.
Though the "negative news sells" media hasn't really talked about it much, there were at least 3 significant economic developments this week that show that our industry has begun its recovery. In your 3-hours-a-day lead generating activities, you should be talking to everybody you meet and those in your database about these great stories:
1) New-construction housing starts took a significant and unexpected 22% jump upward in February! Read about that here: http://money.cnn.com/2009/03/17/real_estate/housing_starts/index.htm
2) More Lenders are re-entering the jumbo loan market! As you know, conventional loans (up to $729,950) have been relatively well available for a while now for Buyers with good credit. It's the jumbo loan market---particularly loans from $729,951 to $2 million that have been almost completely off the table for some time. Your Country Ridge Financial Loan Officers have ready jumbo loan resources for your clients purchasing in the higher price ranges.
3) Conventional loan interest rates drop below 5%! A client of mine is going to close on March 27 at 4.675%.Let's see: Low prices, low rates and high inventory. This is an unprecedented situation not likely to ever repeat itself again. If you won't call your potential Buyers to tell them, just know that your competition out there will.
It is true, we have to focus on the positive and keep working!!!