Why the Real Estate Recovery will be sooner than later!
By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
The Road to Recovery is upon us. Most people believe it or not, are still listening to the doomssayers, yet if you look at the underling events that are taking shape today, and analyze the momentum of activity on the market, you'll discover that multiple offers are being made on more and more property each day, even on November 18th 2008. Typically October, November and December are slow months. Why you might ask? We all know Convential Lenders are not lending ask brisk as they were in years past, however, having said that, capital markets had stopped lending because of the MBS's, CDO's, and SPV's that contaminated the commercial paper markets. The climate at the Treasury Dept. clearly shows that banks are becoming healthier with bailout money. Fresh capital, not tarnished capital...
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