Holiday Season Real Estate Opportunity, Auction Alert!, Big Lender Change


Holiday Season Real Estate Opportunity

Real Estate Tip:

Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win.  No one ever got rich paying too much for something!

Real Estate Insight:

Banks accounted for less than half of mortgage dollars extended to borrowers in the 3rd quarter--the 1st quarter that banks, credit unions other depository institutions have fallen below that threshold in more than 30 years