Dave Dumas - CDPE

Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”

Weren’t we assured that home values were destined to go up and up and up?

There have been lots of promises that help is on the way—and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a homeowner who’s underwater or overleveraged to turn?

Here’s the bottom line: the choices that homeowners make when they feel they are at the end of their rope will have ramifications for years to come on their ability to qualify for credit, their job prospects, their security clearance and their overall finances. When a family’s financial trajectory is rapidly heading in a negative direction, there’s no substitute for the helping hand of a knowledgeable expert who has the integrity, the experience and the training to reverse the course—someone who is tapped into regulatory initiatives and can separate fact from fiction.

It is my mission to serve as a credible source of information and perspective to homeowners who have found themselves in a tough situation and need help sorting through their options. That’s why I sought out the Certified Distressed Property (CDPE) designation—the most renowned and recognized credential in the distressed property field, and it’s why I continue to stay on top of regulatory and industry developments that impact options available to homeowners who are struggling with their current financial situations.

My message to homeowners who do not know where to turn: there is hope. Foreclosure is not inevitable and neither the government nor your bank wants to see that happen. No one expected to find themselves on the brink of foreclosure, but I have worked with countless clients who have managed to turn their financial trajectory around and get on a path of financial recovery.

It CAN be done! And it would be my privilege to help.

reprinted from CDPE.com

The questions isn't will it get any better it's will it get any worse. Getting worse is a very relative concept. Many times things have to seem to get worse when in reality they are making way for things to get better. Every time a home comes on the market and another goes off we are moving in a direction. Maybe forward or some may preceive backwards and in either case there is movement and thats what we have to have in order for things to get better. As Realtors I believe it's our job to help sabilize the market. I believe sometimes we believe that we are doing a great job if we can beat down an already screaming deal to impress our clients when in reality we are continuing the overall decline of the market and that very client that just got the screaming deal will be screaming when their value has dropped below what they paid. More to follow...

The short answer NOW! Now the slightly longer version. Typically the real estate market is similar to a teeter tooter. Housing prices tend to be higher when interest rates are lower and visa versa. As interest rates rise however typically housing prices get lower in order to keep balance and afford ability. In our current market prices are down and interest rates are down to historic lows and that combination makes it the most perfect time to buy. You can wait till rates satrt to increase and then everyone will panic as they usually do and home prices will also rise or you can lead the pact and get there first.