Real Estate has its ups and downs

I was thinking last night how there is so much press regarding the current real estat market. It somewhat stresses me. I have been in the industry for over 7 years. When I first got into real estate, it was crazy. There was so much business and homes were selling minutes after being placed on the market. You heard every few minutes that interest rates where at historical lows….But now it has slowed down and the craziness is over for the time being. What many dont understand is that there is always a need to buy or sell. Yes it is not as easy as past years have been, but still there is that need. People move, need to upgrade or down grade. There are so many that also bought in the past few years or more that are now in over their heads. And unfortunatley this happens. And frankly, there is nothing wrong with that. I know how it is. My husband and I have been together for almost 7 years and we have been there. Your life can change dramitcally without any control and it happens to the best of people. I really feel for everyone that is currently in that position. I have a friend who is in this position currently. She has the classsic tale of the adjustable rate mortgage. Her interest rate was set for a few years and then it adjusted and now her payment is twice what she brings in everyone month. It’s too bad! Now she is in foreclsoure and there is nothing she can do about it other than selling! And you know what its ok!

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