Is it just me or are things starting to look up in the real estate biz?
Values seem to holding, appraisals are coming back at value, rates are still low, people are qualifying, jumbos are back.
The Fed came out today and said rates to remain low for an extended period of time and jobs are finally being created. These are all positive signs for the real estate market.
Example:
I've been working with a client for over a year that wants to refinance his home in Laguna Hills, every time I checked his value ( Redfin-Zillow & Title Company) his value was lower and lower and was too low to get his refi done. We just checked it again and there were 2 sales in March that were high enough to get his deal done. So needless to say we were both very pleasantly surprised.
So hears to a good 2010 selling seanson for us all.
Peter Weiss, Pacific Residential Mortgage Corp.
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