2007 A Year to Remember

Real Estate Agent with Keller Williams Realty Katy.

2007 A Year To Remember.

With so much news about the mortgage industry here in Katy and all over United States,looking back can be frustrating for some and a relief for others.
It was bad if you were pre-approved for a mortgage only to face the loan requirements increased suddenly and see your dream come to an a end. It was also a bad year if your house payment increased due to taking out an ARM and not being able to refinance your mortgage. Even worse if you lost your home due to forclosure in 2007.

On the bright side, many home buyers enjoyed the abundance of homes in the market. Many were able to get a low mortgage payment on a great home due to the price being lower than expected and being able to buy bigger houses than they could have in previous years. low interest rates and FHA helped many achieve the ''American Dream'' with instant equity  at closing.

Many buyers found their dream home. Eventhough real estate maybe slow for appreciation,  buyers undestand the reality of the market and they will enjoy their new home for years to come. They have a great home at a great price and no worries about higher payment in the future when interest rates may climb and home prices will gradually increase. 

Comments (2)

Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post.

I hope you will look into the many groups as there are some great group both local and broad based,....


Mar 27, 2008 12:45 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments. 

     Post a Blog!

              Best to you!

May 12, 2016 12:29 PM