Window Shopper

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Not long ago, my husband and I made two videos that showed how much we love where we live; the slower pace, the lakes, trees, wild life plus the historic places for people to see and enjoy. Hometown videos give the viewer a picture of the life in a small, rural village. Beginning as a retirement town and fast growing into a family center as well, this area is blooming into a retirement hub as well as a tourist attraction in the summer months. We enjoy the benefits of both the retirement area and tourist attractions with the several lakes, recreation centers, restaurant, tennis courts, drive through golf course and so much more. We enjoyed making the videos because it is just pleasant to live here.

Even now, when the weather is starting to turn cooler, we have seen those who are dedicated to their sports heading to the tennis courts and golf course with rackets and golf bags in hand. Enthusiastic golfers and tennis players still have a lot of time before our weather makes it less possible to play the game they seem to love so much. Occasionally, we head in the direction of the golf course, driving into it since they ran the street right through the course which we thought was weird but is fun nevertheless.

All in all, this is a good place to live with the prices somewhat cheaper here than other places. Housing is easier to find and affordable. When others are paying over a hundred thousand dollars for a place to live, you can find many, many places that are far less in price. We live in a neighborhood that has woods nearby. In this village, only a few houses are on a street and the woods is part of the charm. Each neighborhood has their share of the trees to live around. Sometimes in the fall, we will wake up to a family of deer in our yard. So beautiful are these creatures. Yes, this is a good place to live.

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Have you noticed that the housing market is in a huge slump? That’s because there are too many homes for sale and not enough buyers. Why? For one thing, it’s a good deal harder to get a home loan now. For another, a lot of the people trying to sell have those goofy mortgages that have flexible payments and interest rates. Not good. Those were great when the interest rate was bottoming out. However, now a days, the rate goes up and down and it’s tough on the home owners who have those loans because it can vary what they have to pay.

I have a real problem with the real estate market right now because we had planned to buy a house of our own in the near future. Now it looks like that might not happen. We have medical bills that, while they are getting paid little by little, there is a hospital that does not like the amount we must pay right now. So, they turned us into the credit leeches. That can mess our credit standing up and we could have problems buying a house. Sigh. I hate that.

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Times like this are not going to come back once they go away. It is totally a buyers market when it comes to housing. Prices on houses are going down, down, down. So, it would seem to be a great time to buy one, right? Not so fast. Prices all over the country are still falling. If you jump in with both feet now, you may find that you have a house worth less than when you bought it. OUCH! Especially if this is your first home, not good. And getting the financing is going to be harder right now too. If you were counting on that great loan, uh maybe not. Lenders are much more strict about things right now. Sounds nuts, right? Buyers all over the place. Start lending. But they have already been bit by the falling rates bug.

For those who are wanting to refinance, things aren’t so good either. When you got that loan it was one of those teaser rate loans. Now, if you want to refinance, it will cost you more. Fees, fees and fees. And getting that refinance loan will be much tougher for you too. Difficult deal all around.

I don’t know. Maybe it’s time to stay put, try to work it out on the current loan, get a few breaks and wait it out. That is NOT advice from someone who knows anything about this.

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