Mortgage ‘08

This is the season to see campaign signs in neighborhood yards. The Republicans have settled on their candidate and it appears that the Democrats will do so very soon. So today I did a quick survey to see what campaign signs were up in front yard of houses near us. Here is a sampling; Century 21, Re/Max, Ebby Halliday, Coldwell Banker, & Prudential Texas Properties.

Yes, people are more concerned about their personal campaign to sell their homes than they are about the presidential election.

And, mortgage rates have dropped as low as at any time that I can remember in my lifetime.

Lower house prices and lower mortgage rates should move more buyers into the market. The housing market has to make a turn-around at some point. At least, as a seller, I certainly hope that is true — me and about 40 bjillion of my neighbors.

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