Is it 2006 Again

By
Mortgage and Lending with Prospect Mortgage

Hello,

Well thank you first for stopping by.  So it is 2004 to 2006 again?  I realize most realtors of the late have just entered the industry and this market seems amazing and perfect for selling.  The current market though does have it's upside and downside as well as the gains being had now are helping so many who were underwater.  While at the same time pricing others out of the market because our supply is so low.  So is this good for the overall economy?  Is it good that our money supply is being printed at a ALL time high helping this ?  Will the outcome be good or bad?

Well take a look back to the former years of the late when the bubble burst and the answers lays there.  Sure right now we don't have true sub-prime (even though FHA is as close as its gets currently) but the money supply is the secret ingredient and it can't last forever (and add the current economic policies and we have Europe.)  So if you are buying now please make sure you have the 10 year hold time frame window and nerves of steel as making offers galore over list price will be the game and only the strong agents will survive.

Happy hunting and thank you for reading.

 

If you want more industry insight please email me.

 

David

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Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

yes exciting as it is, the prices may seemingly go up, but the appraisers say "no no"

Mar 06, 2013 11:47 AM #1
Anonymous
David Wright

Yes the appraisers are behind on the speed of the market right now and it is causing problems for sure.  Thank you.

 

I also think it helps when realtors understand more how appraisals really work (hence why i am doing a class on it with agents and appraisers.)

Mar 07, 2013 12:48 AM #2
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Rainer
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David Wright

David Wright Prospect Mortgage
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