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	Name:	Dixie Drifter -
	Subject:	Home sales at lowest level in 15 years
	Date:	8/24/2010 10:43:25 PM

It's not going to get better anytime soon. The lending industry has instituted very stiff requirements which lock out the majority of potential home buyer's from qualification for a mortgage loan. Getting a loan for a second/vacation home is next to impossible. High down payments, higher interest rates, mandated flood insurance (Smith Lake) and endless documentation requirements discourage most from following through with a loan application. Until the powers in Washington get their head out of the sand, nothing of significance will change. Here's waiting on November.

Other messages in this thread:

View Entire Thread

Home sales at lowest level in 15 years - MartiniMan - 8/24/2010 2:39:06 PM

Home sales at lowest level in 15 years - Talullahhound - 8/24/2010 5:09:51 PM

Home sales at lowest level in 15 years - lotowner - 8/24/2010 8:13:42 PM

Home sales at lowest level in 15 years - water_watcher - 8/24/2010 7:40:03 PM

Home sales at lowest level in 15 years - Dixie Drifter - 8/24/2010 10:43:25 PM

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