The Presidential Inauguration has come and gone, Super Bowl Sunday is behind us, and now we are truly into the New Year! The downward trend in real estate that we experienced in 2008 has carried over to the New Year, but expectations of change are on the horizon. With talks about lowering interest rates, increase in REO properties coming on the market, and an increase in distressed home sellers, that “change” could be for the worse or the better. If money becomes more available to qualified buyers and increases buyer traffic, the market could start to turn for the better. So keep an eye on the interest rates, as that will determine when the “change” in the market will happen. When you come across a “distressed” home owner, I can help. Whether it be a loan modification, short sale, or saving them from foreclosure, give me a call!

Interest rates continue to hang around 5.325% with no points.