Let's Get REAL Estate

Hello all!

New rates on 30-year fixed mortgages are coming out today and it looks like they will drop to a new low at 4.12%. That is truly amazing! Now for the bad news...banks are still making it VERY difficult to get a loan, but it's not just the banks. Appraisers aren't helping the situation but at least they have a reason. Appraisers took A LOT of heat for the collapse in real estate and so now they are being VERY conservative in their assessments. Many deals die because they cannot get a home to appraise. It seems that everyone is a little "gun-shy" these days. Unfortunately, lenders caused the collapse by being overly free with their lending and now the pendulum has swung SO FAR the other way that even well qualified people are being turned down.

It really is time for some sane thinking not just knee-jerk reactions. I think that could be said about the entire financial system and gov't as well...

Just a quick update on our new office...We expect an opening in late September with a slick new office in the heart of Wilton Manors. Our concept for the office is one that emphasizes cooperation with many Wilton Manors businesses in a relaxing and comfortable setting! Stay tuned for more!