This is a post by my guest mortgage professional, Huck Ferrill. He promises to write more and I will be introducing other professionals I work with on a continuous basis as well, so bookmark this site and check back often!
Meanwhile, here's what Huck had to say:
First time buyers are coming out of the woodwork in the last couple weeks. I did about 8 pre-qualifications last week and $700,000 (2) worth of live purchase applications yesterday alone. Most of them said that prices were low enough that it was time to try to buy something. One of yesterday's buyers is involved in multiple offers on a North Highlands house. That's been how recoveries have started in the past. Good sign.
Those of you waiting for good news on the real estate front, hope this helps!
Monday, August 20, 2007
First Time Home Buyers Activity Picks up in Sacramento!
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