Mortgage Industry Slow Down....Stick It Out Or Run?

I’ve been following the real estate market since the mid 80’s. One thing for sure is that there are trends to follow and trends to look out for. Let me explain….In the early to mid 80’s, prices of homes were flat and the number of new loans and refinances were stable. In the Late 80’s, we saw a price increase of homes that went on for about 4 years. People were buying and selling homes like crazy. People were rolling their equity into vacation homes, investment properties, vacations, cars and boats. The loan industry was booming! Then came 1991 and the tides began to turn. Then came 1992 through 1996 and we say a four year down turn in the market and everyone who was in real estate and mortgage industries got out of the business. So then came the industry s View the rest of this article