The real estate slump is ending.

Former Federal Reserve Chairman Alan Greenspan says that the worst of the housing adjustment is over and “sales figures have stabilized.” He predicted that inventory levels will come down at a "reasonably rapid pace.”

Yes, the real estate bubble has finally busted. It was bound to happen sooner or later, but this is a good action, because this will be the time of self correction in the real estate industry.
Florida still has a large amount of inventory on the market. Now the laws of supply and demand can take effect of the Florida market. In the year of 2007, I believe we’ll witness the price of homes continue to drop. This will enable first time homebuyers the opportunity to purchase a home without being eaten alive with payments. We are entering a buyer’s market, so the deals are available.
As far as interest rates are concerned, we still have really great rates. Check my rates online at http://americanhbmortgage.com/rates.aspx If you would like a free no cost mortgage consultation, please call toll free 877-280-9533 or visit me on the web at www.americanhbmortgage.com.

Best regards,
Darrell Lee
Licensed Mortgage Broker
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