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Posted on July 21, 2008 at 3:00pm — 1 Comment
Created by Lindy Asimus May 1, 2009 at 3:38pm. Last updated by Lindy Asimus May 17.
Created by Lindy Asimus Mar 21, 2009 at 4:12pm. Last updated by Lindy Asimus Jul 5.
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Networkingly yours,
Rickey of AZ
www.juniques.us
It's mostly a frustrating business right now as buyers are looking for deals and most lenders are still reluctant to see the true condition of the market. Property values have come down in most areas of Northern California. Jumbo loans are still available with a larger loan limit of $729,000 up from $471,000. The problem that I'm dealing with right now is to reinvent myself and adapt to this current market. Buyers are sitting on the fence waiting for the media to tell them that it's ok to buy again. It's normally too late by then. That was the case with the beginning of this last boom. The new buying frenzy is in a holding pattern right now, waiting for bottom.
I'll bet your business is seeing a lot of properties in distress in today's market - especially with the property values dropping and jumbo loans disappearing.
Russ Higgins