I just read this article off the REALTOR® Magazine website titled "Lenders Drowning in Applications." In the article they talk of some mortgage companies having to hire employees to help offset the surge in loan applications!
I know, the actual process of getting the money is still a little slow...but we should take this as a great sign that the buyers are still out, and they're continuing to come out in spite of media polls that show consumer confidence down.
I just hope we don't get so excited about an increase in buyers, that we start selling homes to people who can't afford them yet again and create all these outrageous financing options.
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