Silver Lining in Decline in Housing Starts

For years I’ve been a follower of real estate.  And, in fact, up until 11 weeks ago, I earned a fine living helping build the brand for an association comprised of real estate professionals.

This week, the U.S. Commerce Commission released some statistics that revealed housing starts in October 2009 were down 10.6 percent — a significant drop.

But according to the professionals at Network Mortgage, LLC, of Chicago, there’s a “silver lining” in this news: Reduced existing inventory, which should help keep for sale prices down and possibly move homes that have been on the market for months.

I’m not a mortgage or housing expert, but Juan F. Lopez of Network Mortgage is.  Read what he has to say:  http://tinyurl.com/yk4a57t

Or contact Juan at: 773-404-7800 or info@network-mtg.com

 

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