A headline in Sunday's Register read "mortgage fallout erodes lifetime of trust and confidence." It lists several areas of blame. I think I could make my own list, just citing common sense. No document loans? Drive-by appraisals? Nothing down? Why did any of these things ever seem like a good idea? And now the latest debacle - robo-signing foreclosures. The register article calls it "the most blatant abuse of trust yet. But it is also the easiest to fix. All the banks have to do is go back and actually do the work."
Another Register article from Nov. 3 quotes co-president of Wells Fargo Mortgage in Des Moines, Cara Heiden, "Home ownership is still valued by American families. When families own their own home, they feel rooted, they're safer, children do better in school, with higher rates of high school and college graduations. Housing is critical to the U.S. economy, contributing 15-20 percent of our country's (gross domestic product).
That's a lot of good reasons why home ownership will continue to be the American dream. Despite the "bumps in the road", it's a good time to buy real estate. The interest rates are still at all-time lows. There are plenty of homes to choose from. The prices are right. Mortgage interest is still deductible. AND the Eisenlauer Team are Realtors you can trust.
Bill 770-2455 Bob 979-2883
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