Santa Rosa, CA Real Estate

Since the Federal Reserve lowered the discount rate everyone is waiting for the next move or change in the market. The next change will more likely be in consumer behavior. Buyers will have to see the need for housing and that the nmarket is roiled and that it is a good time to jump in. Developers state that buyers are around but wary-wary that the market has an adjustment to make before it starts back up. Perhaps but it may just start up ever so slowly on its own and sneak up on us. Bank of America has a 100% loan out called ACORN-but it does require good credit. Call Rob Penrose at 578-1315, ext 121 for more information. I think we will see more of this as we move into 2008 because we need to fund qualified buyers and lenders will start to make sound business decisions again. Find a source for the down payment and even more loans will be available.The market really has changed for buyers with poor credit-that has historically been the case. The is no innate law that says everyone should be able to buy a house even if they are a terrible credit risk. No more than any of you would loan money to a deadbeat relative. Common sense again. Stay positive and be on the lookout for bargains. And call me at 707-579-9540