Reason for optimism

[Doug in NC]

While others are thinking of getting out of the business, I'm encouraged. I got 5 orders in today and I can't remember the last time that happened to me. Even in the busier parts of the year, I rarely get 5 orders in a day. January is usually one of my slowest months. Looks like things are off to a good start for 2008 at least they are here in NC.

It makes me wonder, if all of the changes going on in this industry are starting to have an effect on the appraisal business. Sub-primes are out, many mortgage brokers have disappeared, new appraisal requirements have gone into effect, lenders are denying the use of trainees, appraisers are retiring, and some are just dropping out of the business. There may be hope left for this business yet.

 

[Pamela Crowley (Florida)]

Congratulations!!!!!

 

[TC]

I agree, so far January has been the best month this year.

Seriously, this year is starting out gangbusters!

(damn, who says that anymore)

TC

 

[Zmcraney]

the residential side has been slooooooooooooow here so far this year, but I'm not giving up hope just yet. the commercial side has stayed steady for us so we can keep eating!

 

[Greg Bell]

5 REO'S today.Recessions are great..

 

[Mr Rex]

Don't tell anybody, but I worked every Saturday in December, Christmas and New Years eve, and last Saturday. I plan on sleeping in tomorrow. The heck with work for a 1/2 day. Will likely type and watch the NFL playoffs Saturday and Sunday. So much for the nattering nabobs of negativism.

 

[Lloyd Bonafide]

The past 4 months have been unbelievable slow here, but in the last two days, it's gotten incredibly busy. I'm not asking any questions - just keeping my mouth shut and my head down.

It may have an adverse affect on my golf game next week, though. Yes, we do play golf here in January, because it's 70 degrees and sunny today.

 

[TJSum]

The interest rates have gone down enough to give us some activity. Yes, I already have as many orders this month as I had all of December. The negative aspect is they are all refi's, I have only had one appraisal order for an actual sale since Labor Day.

 

[Workbox]

It has started very well for me also. No complaints, but counting my blessings.

 

[Bama Bayou]

Rates for 30 year fixed has come down to 5.55% according the BankRate. That is historically a very low number. Anyone with decent credit and equity who needs to refi is now doing it.

I have noticed a decline in active listings in my market, and it is due to the overpriced listings expiring. Can't sell so refi.