Welcome to the Wednesday edition of loan bloggers. What a difference a year makes, or two years for this matter! Signs of the recession ending are popping up everywhere. U.S. consumer confidence rose this month to its highest level since September 2008. More and more people are expecting to jobs to increase and that means more consumers. This isn’t only for the retail side of things either, home sales are increasing as well do to the federal rebate expiring in just a couple of days.
Home prices were on the rise on February for the first time in more than three years. Jim O’Sullivan, chief economist at MG Global Ltd. In New York, “The big plunge is over, but significant strength is unlikely. There is still a huge excess of vacant houses.”
What does this mean for you? It means that there are still homes out their waiting for new owners. That could be you. It’s time to seriously consider being a home owner once again. Not only will it provide you pride of ownership and shelter for your family, but with prices on the rise again, they’re a good investment as well.
As always, let us know what you think. Give us a call or post your questions this or any other insider info you may want to know in the comments section.
Is it still really hard to qualify for a mortgage loan these days?
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