I know that everyone is very worried about our economy with all that is going on in Washington and the financial industry. I think that sales will continue to go on as they did before but things have to change.
How many of you wondered when all the 100% loans starting coming into play, how long will this take to bite us in the behind? I know that I did.
I think that loans will take place, but it will be like it was in the late 80's--you need money for a deposit, money for reserves and maybe money for closing costs if you can't get the seller to help you and you will need to have good credit. DUH!
Let's not all think doom and gloom because like anything else, things will turn around and we will be happy and selling homes again in El Paso, Texas
Active Rain Real Estate Network
You can find great local El Paso, Texas real estate information on Localism.com Patti Olivas is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
Monday, September 29, 2008
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