The question that I get the most these days is how the credit crunch will be affecting the market in this area. I'm please to say that the affects in this area have not been as devestating as I've seen in other markets in the country. All of my closings have closed - albeit with perhaps a little more paperwork. It appears that well-qualified, gainfully employed home buyers should be fine. I see the lenders asking for more money down, asking second homes to be rented out and asking for more walk through appraisals (versus drive-bys) - but I haven't had any of my clients denied, so far. That said, I will repost again on this subject to see how and if things are changing in the Houston, Katy market.
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