Shrinking Home Prices

Thursday, July 29, 2010

Shrinking Home Prices

Click on the title to link. This is a great interactive map of the country showing you what areas are still in decline (almost all), and what areas are in recovery. The good news...compared to many other areas, Albuquerque and the surrounding area has done fairly well (although it's all relative). The bad news...although this map indicates some areas are in recovery, we still contend they are false positives because we are not coming out of this faltering economy anytime soon. This Administration and Congress are leading us into financial bankruptcy as a country, mark our words. No country, institution, or person can spend like we are; it is not sustainable.

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We are a residential lender who is tired of seeing people get hosed, mislead or not lead at all by other lenders and brokers. This, unfortunately, is pervasive in our industry. So we are here to educate you with as much info as possible on mortgage, credit, financial and economic issues that will directly affect you or people you know.

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