Ok guys credit is the driving force behind real estate. The easier it is for people to buy the easier it is to get into a home and affect demand.
We went down the spiral of tightening and values dropped. Now signs are showing that the pendulum is swinging the other way.
First fannie mae foreclosures are offering Homepath financing with down payments as low as 3% and credit scores in the 580's(C- credit)
Now FHA is offering financing for 500 and above. Folks you get a 350 for signing your name.
The recession has about 6 months left before people start to see signs of life to the point of being obvious. Check your neighborhood out and see if you see a stealth rally going on.
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