Let's Turn a Negative Into a Positive!

Housing starts hit another 17-year low
Home construction and building permits both fall sharply in September to levels not seen since January 1991. Housing starts have fallen nearly two-thirds from their peak of 2.3 million in January 2006, and were at the lowest annual pace since January 1991.

"This is bad news for anyone who works in the housing industry, bad news for the economy as a whole, and the decline in housing activity just continues to deepen," said Mike Larson, an analyst for Weiss Research. "This is one of the worst downturns in the housing market in the history of our country."
------------------------------------------------------------------------------

The above made headlines today.

Now let's stop and think of how this can help our business.

The Realtors, Lenders not affiliated with builders, and the Title Companies not affiliated with the builders will all benefit. When there is less housing available, supply and demand will change.This will greatly benefit the owners that are currently trying to sell their existing homes. We see this as an opportunity to make more loans on the existing inventory of homes available in this area.

There are some great programs for Homebuyers at this time and home ownership is affordable with many homes to choose from. Lets take a negative and turn it into a positive!