My Blog

It has been said that a pessimist complains about the wind, an optimist hopes the wind will change, and a realist adjusts the sails.  In this market, a good mortgage professional is a little of all three.  Well, you can't help but be the first, just a little bit.  But to be truly successful despite the soft market, we have to be optimistic and look for positives and we may have to adjust our business.  It's time to get back to the basics and remind our clients to buy a home for their home, and not just an investment.  There was a great article in the Las Vegas Review Journal today about just that.  Read it now, it's poignant.

When you buy a home, you are in it for the long haul.  Nowadays, "long" being at least 5 years.  Sure, it's not the days of our grandparents when folks bought homes, stayed in them, and paid them off, but the "flipping" days are over.  There's a balance somewhere in the middle.  In that balance are folks who put down roots, make neighborhoods of homeowners, not renters, and who just maybe are content with what they have.  Not that homeowners can't move up to a bigger and better home, but they need to be realistic and know what they can afford. 

The market will turn around, and the cycle of appreciation will start climbing again, as it always does.  In the meantime, let's be optimisitic, recognize the buyer's market and help folks be homeowners!