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Posted by Julie Emery

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Tougher Lending Standards

MONDAY, JUNE 2 2008

I saw this article on Friday, but I hate to go into the weekend on a bad news note! So, I saved it for Monday! Just what you needed, right?!

There are still buyers out there. There will always be buyers out there!

The pool is small and you're going to have to knock yourself out to get them to your house. And, if they're not coming to your house, it's over priced!

And, this article from the New York Times will probably interest buyers and sellers. The numbers here are national. (Our local numbers are worse.) But I think the letter to sellers is a good idea. Sellers, given the inventory in Culpeper, Rappahannock, Fauquier and Warren counties, I don't think I'd try the letter to the buyer. They really do have all the cards right now!

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