real estate market: Will Spring Come Early This Year?
- 01/26/10 07:49 AM
I think we are poised for an early Spring buying season for real estate in 2010. Several factors come together to make this possible. Real Estate prices have dropped like a rock. Some areas have dropped 40 to 50% or more. The clearance sale is on! The federal homebuyer tax credit will expire on transactions that do not have an accepted contract by April 30, 2010. Interest Rates remain very low...30 year fixed rates in the 4's. Changes in regulations could create fear of change for those looking to buy homes in the next year. There is even talk of elimination of … (3 comments)
real estate market: Fall is in the air and its time to get serious
- 09/21/09 11:30 AM
Now that the dog days of summer are past, it is time to get serious with this business. I have always had my best months in October, November, and once in December. I have always felt there were just a few factors: I am not as distracted so I work harder - back to the law of attraction Customers are not as distracted so they stop putting off their purchase ore refinance decision Kids are in school and people know they need to get stable September and October is perfect house hunting weather These may all be reasons in my own … (3 comments)
real estate market: The Future of the Mortgage Industry
- 07/24/09 07:39 AM
Yesterday I posted a blog titled "The Death of an Industry" and it obviously struck a nerve. The Mortgage Lending community has been put under the microscope lately and tensions are running high. My blog discussed how changes in business practices by large commercial banks and mortgage bankers, combined with new government regulation could conceivably spell the end of the Mortgage Broker industry. Most of the posts I got were Mortgage Brokers defending their business and their business practices. This was understandable and expected. I did however underestimate the loyalty that many real estate agents held for their Mortgage Broker lender … (1 comments)
real estate market: Death of an Industry
- 07/23/09 11:22 AM
I opened my first mortgage brokerage company in 1991. The industry trend was away from banks and toward brokers. Brokers had several intrinsic advantages: •1. They could shop the market place for price. While most lenders pricing is very close, mortgage brokers could find that one lender that was buying the market on a given day and take advantage. •2. They could move the loan to another wholesaler when rates went down. Although not an ethical approach from the standpoint of the wholesalers, it was common practice for mortgage brokers to lock a rate with one investor and deliver the loan … (61 comments)
I think we are poised for an early Spring buying season for real estate in 2010. Several factors come together to make this possible. 
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