New post on the Calculated Risk blog, my favorite financial news blog, this morning from the MBA, Mortgage Banker’s Association:
http://www.calculatedriskblog.com/2009/11/mba-record-144-percent-of-mortgage.html
I continue to feel, until we can get though the remaining over-hang of distressed properties, these times will continue. I am one of the few local Realtors who was opposed to the continuation of the $8,000/$6,500 home buyer tax credit and to many of the what I call the games, the lease back for deeds programs. Banks becoming greedy is not a solution either.
