Today my 17 month old taught his self something new. He stuck his finger down his throat and made himself puke. Gross!!!!! After I cleaned up the mess, it got me thinking about the housing market.
Now we are seeing many lenders purge their bad assets by selling off tons of their foreclosures and doing many short sales. In some cases they are “gross” and in almost ALL cases, they are GREAT DEALS!!!! The lenders are finally starting to realize that the market has declined and are pricing the homes at wonderful values.
So in short, there are some benefits to both these situations. One is that many first-time homeowners will realize their dream of owning a home and the other is that my son has learned not to stick his fingers in his mouth. Now whether the lenders have learned anything is yet to be seen.