Spring is on the way and that’s supposed to mean the real estate market will pick up, right? 

Well, it may depending on what part of the country you’re in, but there is a lot of buzz out there right now about the shrinking buyer population, and sellers struggling to get their heads above water after taking on a home they truly could not afford…the phrase “house poor” comes to mind. 

It’s not so easy to go out and buy a home anymore…even though the 40 year mortgage and other innovative financing options are out there.  It sounds like the lending authorities are tightening the reigns.  So what does this mean? Those that took on more home than they could handle, are now facing foreclosure and those that dream of home ownership, just might not be able to realize that anytime soon if their credit isn’t up to snuff. 

Too much inventory; not enough takers…some may have seen this coming.  For more take a look at here.

This entry was posted on Friday, March 16th, 2007 at 5:04 pm and is filed under Real Estate Foreclosure, Real Estate Virtual Assistants. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.