Just an FYI I have been talking to lots of Contractors and People in the Home
Building/Buying Business.
The concrete contractors are saying that they are doing more bids than they have in a long while.
The builders (at least most of those I talked to) are going to have work this year.
More people are doing loan applications and pre-approvals.
Now, how can that be anything but good news?
We can't expect everything to go back to where we were a couple of years ago, but we can
expect the market to start to stabilize throughout this year. I really am a realistic person and
realize that we have far surpassed a normal appreciation for the past 10 years.
Once we've stabilize then you can expect appreciation to start upward.
Will it be next year? The year after? If I could tell you that I'd be looking at property in
Hawaii. No one can predict the future. But we know that lumber prices haven't
dropped very much.
Our biggest problem right now are the multitudes of foreclosure properties and
the over supply of townhomes and condos.
If the government steps in to help out those in trouble with their mortgages and the
lenders are required to help these people, then we will see the bottom much sooner.
My suggestion:
1. If you are going to refinance or even look to buy call Kari and me first.
We understand the mortgages that are out there and we can direct you to lenders that
we use and trust.
2. If you would like a list of all the foreclosures in the Hastings area just e-mail us or call
us at : karistorkamp@edinarealty.com - 651-470-0709
marymurphy@edinarealty.com - 651-353-9838
Building/Buying Business.
The concrete contractors are saying that they are doing more bids than they have in a long while.
The builders (at least most of those I talked to) are going to have work this year.
More people are doing loan applications and pre-approvals.
Now, how can that be anything but good news?
We can't expect everything to go back to where we were a couple of years ago, but we can
expect the market to start to stabilize throughout this year. I really am a realistic person and
realize that we have far surpassed a normal appreciation for the past 10 years.
Once we've stabilize then you can expect appreciation to start upward.
Will it be next year? The year after? If I could tell you that I'd be looking at property in
Hawaii. No one can predict the future. But we know that lumber prices haven't
dropped very much.
Our biggest problem right now are the multitudes of foreclosure properties and
the over supply of townhomes and condos.
If the government steps in to help out those in trouble with their mortgages and the
lenders are required to help these people, then we will see the bottom much sooner.
My suggestion:
1. If you are going to refinance or even look to buy call Kari and me first.
We understand the mortgages that are out there and we can direct you to lenders that
we use and trust.
2. If you would like a list of all the foreclosures in the Hastings area just e-mail us or call
us at : karistorkamp@edinarealty.com - 651-470-0709
marymurphy@edinarealty.com - 651-353-9838
1 comment:
Post a Comment