Posted on 11/29/2005 7:03:30 AM PST by SoFloFreeper
That's nothing....I'm part of BOTH stats!
For what it's worth:
I have been a mortgage lender for 25 yrs. and this is the first time since the late 70's that houses in my area are not moving. My income is down 60% from the previous 20 yrs.This is my indication of the bubble.
I do think though that it is regional. People don't want to live in a stagnant area that is cold !!!!
I live in Ga. and have been trying to sell my house since the end of Feb. There was such a glut of new homes in my area that we barely had anyone looking at ours all summer, which is supposed to be the prime time for selling a home. We had absolutely NOBODY looking at it in Sept. Suddenly there was HEAVY interest in October and multiple offers! We did not get the asking price, however, but then again, this ain't FL or CA.
Well I hope it don't burst before I sell my house and move on up...
One of our best friends is a very successful mortgage lender. We call him Mortgage man.
This summer, ke was "stolen" from the #1 bank in California by #2. Not only did he get a big increase in salary, he got a signing bonus.
We live in the Wine Country north of Gay Frisco.
He is still signing the big mortgages and refiing packages and is headed to another best year.
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