Loan apps are up after the borrowers finished up with holidays. Interest rates are still hovering around 5 to 6 percent. Each time rates spike up borrowers and real estate practitioners wonder if they will come back down.
News blurbs calling for a double dip in home prices are not accurate. Real estate always slows down in the winter. The foreclosure homes continue to sell like hot cakes with prices that are stable and rising. The majority of homes selling are foreclosures and short sales.
