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[quote] But if lenders are unwilling to lend, or funds simply are not available, we indeed have a problem.
Lenders are willing to lend but they now focus on FHA/VA loans like they did in the 1950s.
For the company I work at, government business accounts for over 50% of loans originated now. At the peak of the real estate bubble it was less than 3%. (and I don't work for a small company)
The problem right now is that people are not willing to buy homes. They think the market will still go down and they would rather wait until they see some sign of property values not declining. Once the prices level off or start to go up a little bit you'll see a lot more buying of real estate.
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
