So What's the Problem?

Recent stats show inflation backing off? Check
Large Social Security cost-of living increase? Check
Dow rebounding? Check
Hurricane season over? Check
Price of oil dropping? Check
New Home Construction stopped? Check
Auto dealers offering special pricing? Check
Shop & Restaurants offering specials? Check
Election campaigns nearing an end? Check
Foreign Affairs looking good? Check
Economic bail-out in place? Check
Bernanke lowering Fed Funds Rate? Check

So, why hasn’t real estate sales picked up? Why haven’t lenders started making home loans again? Why are car loans difficult to obtain? Why is it difficult to do a “work out” with a failing loan? Why can’t we find a bottom?

Your comments are welcome…

And thank you for making me Your Orange County Real Estate Connection.

Best regards.
Michael Caruso, Broker ABR ABRM CRB CRS GRI
2007 President, Orange County Association of Realtors