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2008 - Real Estate - USA

By
Mortgage and Lending with Mortgage Investment Services Corporation NMLS# 879810

 

2008 Will be a defining year for this industry, I believe as the market corrects what it needs to correct some of us will not be in this business this time next year, others will stick it out.  I make no predictions for the future because time and again when I have even attempted there are events that can change the attitude of the market that happen everyday.  I believe what we are seeing is our countries economy being effected by the world economy that seems to be connected more than ever.  Supply and Demand have changed those market forces are now undergoing global changes instead of national changes.   

Every nation has its issues and every nation contributes to the economy of the world, as we learn to handle the effects of an assassanation in Pakistan and what that means for us now, and even the impact that has on the presidential race here in this nation it would seem that we are starting to learn how our actions and the actions of others can effect our household.  Our communcation capability is now so fast that our news is delivered in real time -  Market updates seem to rock every time someone seems to catch a cold, as a mortgage loan officer I see rate updates usually hourly now instead of quoting a rate for today it can change at anytime. 

Despite all of this turbulence, and the market forces that abound, we still are the most blessed nation on the face of the earth today, our country and all of its freedoms make it the only place I would ever want to live. 

May you all have a very blessed prosperous 2008!

 

 

 

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