The Sky is Falling?

• Developers are filing for bankruptcy
• Prices are falling
• If you bought your house two years ago you see your value falling
• The Stock Market fell big last week, Monday, and as of 10:30 today it's down more than 150 points
• Fannie Mae braces for billions in loan losses
• Price of Oil is $100 and gas is over $3
• The Cridit industry is changing daily

The Sky must be falling right? Nope

• Developers are filing for bankruptcy - so many got wrapped up in the crazy housing market two years ago and bought land at it's highest prices ever. You can make all kinds of deals with developers and get some great places at very low prices.
• Prices are falling - buyers have so much to choose from and the prices are great.
• Values Falling if you bought two years ago - If you plan on living in the house you will get it all back in a few years.
• The Stock Market is falling - When people sell off they put their money in bonds and that lowers mortgage rates. Rates are at a year low and will stay level. Now is the time to get a mortgage.
• Fannie Mae braces for Billions in losses - It was just to easy to get money and this will all wash out and make for better lending practices over all.
• Oil and gas hit highs - I can't see anything good about that. Sorry
• The Credit Industry is changing daily - We will just have to go back to the days when you had to save for a down payment and had good credit. Nothing wrong with that.

Over the next year or two everything will get better and the values of our homes will climb.

Now is the time to buy