With the downturn in the economy, the real estate market meltdown and the incredibly high foreclosure rates, does the American Dream of home ownership still exist?
Will the lenders change the way of lending to get previous homeowners back into homes sooner? Or will it be status quo and we become a renter nation, foregoing the dream altogether.
Will lenders relax guidelines for short sales and foreclosures, or even bankrupcties?
Something does have to change in order for the masses to qualify again. The recent uptick with sales is showing signs of some strength, but how much of that is investor related?
I do not profess to have the answers on this, it just seems that something in the lending guidelines would have to change to make a longer term difference in home sales.
What do you think?
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