Home Values Decreasing - Who Can Benefit in a Slow Housing Market?

Mortgage and Lending with Primary Residential Mortgage Inc.


Is it possible that someone can benefit from decreasing home values, record setting foreclosures, short sales and a volatile economy?   Not only is it possible, it is happening daily!    Home Buyers are finding bargains on every corner and now the buyer seems to be holding all the cards.  

We have all heard the saying, “what goes up, must come down”.   This is true of the housing market.    Values skyrocketed since 2003 and now we are seeing a correction.    Housing values are going to increase again, just not like they have in the past.    15 to 25% appreciation is a dream, but purchasing at the bottom of the market will show you some aggressive appreciation over the next 5 to 10 years.

The 100% loan is gone unless you are a Veteran.   Stated loans were called “liar loans” for a reason.   They have vanished!   Reality has set in for lenders and borrowers must prove income, have good credit, and have money for a down payment.    If you are one of these borrowers and are currently looking for a new home, you may be getting the deal of a lifetime!

A seller concession (kind of like a cash back rebate) can help offset most closing costs in an FHA loan.    This loan only requires a 3% down payment (which can be a gift) and an average credit (580) score or higher.    Rates on these loans are very close to conventional rates and higher loan amounts (up to $729,750) are available through the end of 2008.

Debt Free, money in the bank, a good income and a good credit rating?    Start looking on the corners for that “deal of a lifetime”!

To learn more about loans available in this buyer’s market, check out www.tmmortgagegroup.com or call 1-800-696-1424.


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Linda Breeding
Keller Williams Realty - Pinehurst, NC

Tim - nice post, I have been telling people this for several months. It's a great time to buy and the housing crisis is really a market correction. There are still great loans out there even for the first timers. It will come back and the ones that buy now will be glad they did.

Aug 27, 2008 02:41 PM #1
Tim Marose
Primary Residential Mortgage Inc. - Gaithersburg, MD
Maryland Buyer & Refinance Specialist

I can't agree more Linda.   If we are not at the bottom of the cycle, we are pretty darn close.    The time to get in is now!

Aug 27, 2008 02:46 PM #2
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Tim Marose

Maryland Buyer & Refinance Specialist
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