I was thinking there is little news on the real estate front lately, short of the appreciation numbers going down. I can remember a few months ago, I couldn’t keep up with the news.

It seems more than likely that the lending industry will be hit very hard in the next few months. As more and more companies close and are being bought out by banks. It seem we will see less and less brokers. Then again, how many have we heard this about Realtors. Nonetheless, with Bank of America rolling the dice with acquiring Country Wide, it seems we will see banks lending in the future.

While the news popped up that the Federal Reserve lowered the rates again, so did the influx of spam. The last refuge of spamming lenders with unethical and predatory mailings has been invading my mailbox. It’s really sad to see these people continuing the practice that have brought this mess in the first place. It is up to people receiving those spam emails not to respond.

I feel we have a few more months until the dust settles a little and the real lenders feel confident enough prices will not drop to lend money again.