Fed expects a good year for housing
. Happy Turkey everyone.http://realtytimes.com/rtpages/20091124_realestateoutlook.htm

Still no word yet
Mtg broker says we have loan approval but until i see it in writing with any conditions, it’s not a done deal. Things can still fall. Have to get pre-inspection approval from Compton. We are beyond the closing date so i am ready to threaten.

Four Reasons Why Hyperinflation hasn't hit yete
Take advantage of low interest rates while you can. This won’t last. Here is a great article explaining why. “Everything we know about classic economic theory suggests the U.S. economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the U.S. Federal Reserve has pumped into the system.But we’re not…yet.Classic economic theory says that money supply can

getting a new committment
from the back up buyer/ Lender giving me the run around. Been there- done that. They keep on saying it’s coming but no commitment. The realtor is an idiot because she did not even ask for an extension so i have no obligation to go forward. Will give them to the end of the month. Have to look at CAR contract to make sure i give them proper notice. Thank goodness for the seminar that Paul Samarin, Esc did for us. Now i know how to handle those pesky little clauses. 

Possible trouble
Buyer’s app submitted to underwriting a few days ago but no word yet. Broker not returning calls. That is not a good sign. In addition, the speaker at our sat members only meeting was talking about special down payment assistance programs and he said the one my buyer is getting has problems. Monday will be 30 days which is the deadline. We will send a letter telling them they have until the end of the week or we are cancelling. Of course we will first make sure our 2nd buyer is still ready to go.