I keep watching the cable tv channels talk about the downturn in the market. And I have no doubt that the markets they are speaking of are down. However, here in Kansas City things are still buzzing along.
But there are segments that are suffering. And people pushing the price of their home are getting themselves into trouble. The longer a house sits, the lower the sales price will probably be.
At least with my investors, there are a lot of optimists out there. Rents are beginning to rebound as those who have been foreclosed on come back into the market. There are still a lot of questionable loans out there to be had, for sure. But by and large people are a little nervous about interest rates and are opting to stay where they are.
For more details, feel free to give me a call. I love to discuss this kind of stuff.