IT'S NO LONGER SOFT...IT'S ON THE RISE!

I thought that title might get your attention.

I had some really good news from our company's mortgage specialist that I thought I'd share. There's been enough bad news passed around...I feel we are all overdue something positive. According to her industry sources, (from figures derived from area appraisals and AVMs) in our county and surrounding counties (according to zip code), we have moved from the soft (declining) market list to the stable market conditions list! It's official...things are looking up!

AMEN! I've been so ready to hear those words. In our office, it has felt like things have been picking up, but I didn't want to jump the gun and get my hopes up too high, but this confirms what I've been seeing... the market is like a patient on the mend, and has moved from intensive care to patient discharge. Good health looks inevitable, and we can see the light at the end of the tunnel.

The indicator from the finance companies underwriting engine has shown our area's zip codes in decline since early 2008, but now that our market has stabilized, LTVs should be on the rise for our Buyers, as well.

So I am all for spreading the word..."We have scraped bottom and are on our way back up." Buyers: Time to BUY... don't miss your chance.