Tuesday, March 11, 2008

Banking System Running Out of Funds

I've been analyzing the market and haven't had that much to write about but now I have to say, that sooner or later our banks will run out of funds to lend. Although we have stimulus packages, confirming loan limit increases, ultimately, if the bank holds more property then mortgages we're not going to be in a better place. Surprisingly, activity has increased within the O.C. area. If your priced right you'll get the multiple offers. We're not in a bad market, we're just in a changing market. Still need to filter out some bad "professionals" and we'll have a healthy market soon. About rates, we're still "historically" low but seems like consumers think it's still high. Until next time....

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