You read it everywhere… if we want to fix the U.S. economy… fix housing!! Here are just a few of the comments out there:
From Fortune October 3, 2011 “There’s no way the U.S. can get back on track without a cure for housing.” Is this a great country or what? People are being told they can’t do modifications because they are too far underwater. But then they sit in the house for two years, make no payments… and are eventually foreclosed upon. Housing isn’t just another industry: it’s a driving force for the entire economy!
From CNN Money October 6, 2011 “To Fix The Economy, First Fix The Housing Market“. Without a genuine revival in housing, it is hard to think we will ever get a self-sustaining recovery. It’s a driving force for the entire economy. Residential investment accounts for up to a quarter of overall capital investment.
From The Housing Predictor October 18, 2011 “Fix Housing to Fix U.S. Economy” There’s an old economic theory in real estate: “The housing market is nine months to a year and a half in front of the rest of the country’s economy”. It’s as simple, bottom-line and easy as that. Fix the housing market to fix the U.S. economy. Getting people back into houses will increase the value of their self-worth, and that directly relates to consumer confidence.
It is not very difficult to see what needs to be done to START the economic recovery engine again! We need to get Americans back into homes. All of the Administration’s “mortgage help” programs – as well-intentioned as they were….. can not solve underwater mortgages. Whether we like it or not…. whether we believe in it or not… whether our parents would approve of it or not…..the fact is that millions of Americans have serious equity deterioration and will more than likely end up in with a foreclosure or short sale. After that….. buying a home is an impossibility, unless you can pay cash. Until now!!! Premier Mortgage now offers a program called “Another Chance” whereby we evaluate the overall financial situation and character of the borrower. We believe that many great quality homeowners were caught in this economic downturn, and ended up losing their homes. With our “Another Chance” program, we can get individuals in this situation back into a home of their own….. and as soon as possible get them refinanced into a traditional loan.
Let’s start looking forward again. Together we can create a better future!!!