Is the money coming soon?

I imagine that by now you have finally had enough of the talk about the economy going to hell in a hand basket. Well, I don't blame you one bit!

I don't think there's a homeowner who hasn't heard that the real estate market has softened. What really matters though, is where and how much. Furthermore, we learn that lenders are electing to make loans only to very qualified buyers. Sure, it's no secret that banks are looking more closely than ever; at the purchasers' ability to pay back the loan. But in addition to traditional lenders, the FHA and other State and local agencies are also making funds available to other types of buyers. Such as first time home buyers, veterans, low income, etc. The recently approved rescue plan from Congress and other much needed incentives are being inserted into the mortgage and financial industry by the Feds. And, the pace has been swift by Washington standards.   

Our economy is built not just on Wall Street, but also on home ownership, because that's where Main Street is located. Right now these noble plans are being put into action to fix the problems plaguing the economy, and also the ability to lend mortgage money. As banks begin to broaden lending qualifications to home buyers with good credit and down payments, it will again provide loans to minimum down buyers who now must pass a more through underwriting process, because they deserve part of the American Dream too.   

I think the housing market will start changing for the better as levelheaded decisions are made, and better safeguards are put into place. It's a real priority now in America, and everyone's watching. The stock market is showing signs of strengthening, the cost for a barrel of oil is dropping and banks are lending between themselves again. Together, all these things should move us closer to a better stabilized economy and as a result, a stronger housing market. I equate it to the Titanic disaster. Now that we know what an iceberg can do, will we recklessly steam right into one again?  

Regarding a real estate decision, many are too anxious right now to contemplate a move. Some are putting off retiring to another state, or possibly - just putting off their retirement, while others just feel they owe too much on their home. But, there are many who are moving ahead with their plans, because that's what they need to do.   

As the Sales Manager in my family owned business, I also draw on others in the company to work alongside me, so together we can do a much better job. It's important to have a whole company behind you, not just an agent!