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Here's an interesting article regarding what's happening with new home sales and the mortgage market. The chief economists at Fannie Mae are expecting new purchases to rise 3.5% -- which is pretty good-- however, they anticipate the amount of refinances to decline -- also good in my opinion.  If the banks get less refinance business, they may be more inclined to lend again to buyers. Hopefully this will change the mood of the majority of real estate agents who think nothing will sell or settle. Their negative outlook hampers recovery. If morale improves we could see a much better year.

I'm going to interject my comments throughout the original article. Please email or call me with any questions.....
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