It’s a bit overwhelming, but there’s hope ….
By: Myles, February 27th, 2008
I just opened my web browser (2.27.08 @ 1:30pm est) to InmanNews – the noted real estate clearing house of industry information. ALL I CAN SAY IS –WOW! I read a lot, but this one really shook me. Get a load of these unbelievably “negative” headlines, and these were just posted, TODAY ….
- Existing-home sales hit lowest level on record
- Bankruptcy cram downs rolled into foreclosure re…
- HouseValues reports $9.9 million net loss in Q4
- Fannie, Freddie can’t mix and match conforming, j…
- Economic stimulus bill signed into law
- Real estate rates higher overnight
- New York pushing Fannie, Freddie to make new rul…
- Consumer confidence falls sharply
Clearly none of this is good news, irrespective of how you spin it. HOWEVER, my wish is that we as a professional community of attorneys, title companies, bankers, investors, developers, agents, et. al., use this lull in the cycle as an opportunity to work together as a cohesive network and support each other. There are clearly creative solutions to overcome this downturn in the marketplace and it is our belief here at www.MarylandCommercialTitle.com that the key to our collective success is through the sharing of information, education, and innovation.
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