America is doing well and our real estate industry is flourishing. This is a great time to stop party politics and give credit where credit is due. President Obama inherited an atrocious economy and real estate market. Things were spiraling out of control. The plans that were implemented saved the auto industry, lending institutions and most important to many of us on Activerain, the real estate market.
Steps that were taken are unprecedented such as having lenders work out short sales rather than foreclosure in most circumstances. They also gave forgiveness on the money saved should a person lose their home.
I know the other side of the issue is that those that didn't use their home as a cash cow and paid their mortgage were punished having to bail out others. Long story short we have survived, prices are at or near the peak of the market, buyers are buying, sellers are selling and interest rates are on the rise.
The recovery may hold this time as lenders have been much wiser on their loan approval process. Let's root for America and hope we can get stronger in the future.
Your friends and Realtor,
Tony & Dani Lewis RE/MAX of Valencia
Call/Text - 661-510-7975