We have alot to be thankful for

It is almost Christmas and I think I have a lot to be thankful for this year.

While it has not been the best year in real estate it has not been the worst. It actually takes me back to when I first got in the business in 1986 when people had to have a good job, good credit, and money for a down payment.

Lenders are still lending money, but you have to be credit worthy, have a down payment (unless you are a Veteran) and be able close. So what is so hard about that?

I think that buyers still feel that things will get alot worse and they will get a "better deal" on a home if they wait. They may but what about the time they waste paying rent and not owning and not getting that write off on your taxes.

I think we are at the bottom and there is only one way for prices to go and that is BACK UP!

El Paso real estate is not that bad right now, I have been busier this month than I have in the last couple of months and I think that buyers are starting to feel a little more confident. Interest rates are very low and home prices in El Paso are holding steady and sellers are giving alot of concessions to make their homes more marketable.

Now is the time for investors to get back on line again and start looking at El Paso and all that is going to happen here- we are way short the number of rentals that the military soldiers will need so where are you?

Don't wait too long or you will be sorry.