How Low Can It Go?

[Slingin Sammy 33]

Originally Posted by firstdown

I know my buddy who is a home appraiser has been very busy which is always a good sign and he says its about 50/50 with refinacing and home sales.

Talking to a friend who is a real estate agent, the market for >$ 300K homes in our area has almost returned to normal, + $ 300K is still very slow.

[redsk1]

Originally Posted by Slingin Sammy 33

Talking to a friend who is a real estate agent, the market for >$ 300K homes in our area has almost returned to normal, + $ 300K is still very slow.

Gotcha, i think you meant less than $300k is getting better. Yeah, if you are over $300k it's very sluggish. It's still very sluggish under $300k but at least it's getting better. We're a long ways from being in a normal market but at least I think we've hit a bottom or we're at the bottom.

I'm a mortgage lender. It's been an extremely busy year w/ refi's and some purchases. It's seemed to have tapered off w/ increases in mortgage rates since the end of May.