Buyers Getting off the Sidelines
The Mortgage Bankers Association of America reports that in its national survey last week, applications for new, conventional loans to buy houses jumped by 11 percent -- and applications for FHA insured mortgages were up by 17 percent. With home prices sharply discounted in many of the former high-flying boom markets, and down slightly in many other areas, smart buyers are recognizing that it's time to make their move.
-- “Real Estate Outlook: Buyers Off the Sidelines,” by Kenneth R. Harney, Realty Times,June 19, 2008.
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