Xanax For Sale

Torrance Homes

Current trends: In most areas of the country–those that have experienced price declines–prices will continue to decline for at least a year. There are still a lot of properties that are going to go into foreclosure. And there’s a lot of property currently held by banks that hasn’t yet been listed. Meanwhile, some ARMs haven’t yet reset; that’ll send more owners over the brink.

There’s also the psychological impact. Many potential buyers are nervous. On top of that, they see what’s happening with Fannie Mae and Freddie Mac. They see what’s happening with WAMU. They’ll soon see what’s happening with Bank of America.

Meanwhile, the overall economy isn’t doing so well. Unemployment is up. Job growth is down. These factors–both actual and psychological–will dampen the market.

Opportunities: A lot of them. More than we’ve seen in the past 25 years; and more than we’re likely to see for another 25. There are great bargains out there. It’s a fabulous time to buy and hold.

Regarding mortgages, I suspect they’ll bounce up and down a bit. Possibly drift a bit lower. Money is more difficult to get, but there are dozens of legitimate ways to buy property without a mortgage. And that offers even more opportunities for people who know those techniques. A lot of people will complain that they’re not able to get mortgages; I answer a lot of questions here on Yahoo on that. It helps to have good credit; it helps to have savings. And it’s necessary to know what you can and can’t afford.

That’s my thought on the topic.