Thursday, March 13, 2008

First Time buyers are creating Upsurge

The market is becoming a bit more viable. First time buyers are in the first time buyer's market of this century. Sellers are more willing to work with buyers.

Borrowers with good credit and a downpayment will see flexibility. At this point lenders are not accepting those with credit issues and no down payments.

The recent Fed changes make it less likely that there will be a meltdown in the housing industry. The fed is taking the bad loans off the banks books. Central banks in Canada and Europe are injecting money into their financial systems at the same time.

The dollar rose against the euro and the yen based on these announcements. The slipping dollar has driven up oil prices to record leves. Oil is priced in dollars.

The future looks brigher today.

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