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1 Comment
'The Worst Is Over for Financials' - Really? [view article]
I am in the real estate field for many years, I have not experenced a worth market as today's. The problem is not that buyers are not in the market, rather they can't get loans. The lenders have tighten up the standrad to a point that very few people who can actually get the loans. Banks are looking at borrowers credits, but more and more, they are scrutinizing the properties. If they see something in the property that they did not like, they simply turn the loan down. As long as the lenders are lending money, the real estate market is not going to turn around. May 11 04:21 AM