Wednesday, August 18, 2010

Politics

It's my personal opinion, but I believe with elections coming up, the market is almost frozen due to lack of trust.  We don't know, as consumers, what's next, what is the government going to do next?  It makes it hard for us to survive as agents and loan officers, but I guess that's why my mother always told me to Weather the Storm.  Easier said than done.  Stocks are Up, Rates are down but our housing market lost 30 billion in list value last month, we are facing DEflation, ....something's fishy...I'd say, wait out your purchase, wait out your sale...maybe temporarily apply for a loan modification, even tho only 30% have been approved, try it out and wait until November to see if politics can drive this market back up.