A Change In Appraisal Activity?

[Richard Carlsen]

All of the economic indicators I've seen say that the economy is coming out of the recession. Here's the latest from the Washington Post:

http://www.washingtonpost.com/ac2/wp-dyn/A...anguage=printer


I just wonder if the bulk of the refi's will soon be replaced by sales as savvy buyers move to snap up the cream of the over supply of fine houses available on the market right now. I'm starting to see more and more sales in just the past 2 weeks. Perhaps the switch is upon us before we were aware of it.

Comments?

 

[Steve Owen]

I don't know that I can discern an uptick in sales. . . yet. On the other hand, re-fi's are already a thing of the past in this market (until the next cycle swing).

 

[Non Sequitur]

That depends on your market Richard. Ther is no over supply of fine homes in Metro N'awlins.

 

[Mike Seward]

I don't see any over supply of homes in my area. In August, my volume is running 80% of what it was in June and July. The big difference is that sales represent 50% now compared to 20 or 25% during the refi boom.