....and as a result more homes are selling.
Yet another indicator that the worst is over for the real estate market is that mortgage money is becoming easier to obtain. Lets not get too excited, getting financing is still the most difficult aspect of a real estate transaction but.....its gotten just a tiny bit easier.
Jumbo Loans, those over $500,000, are now being offered by lenders again, rates continue to drop and banks are lending to borrowers that have less than perfect credit scores.
The bottom line is that the banks make money by lending and the real estate brokerages make money by selling homes. The two are forever tied together and will prosper or struggle together.
Oct 27, 2010
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