San Diego Housing Market News and Analysis
You are just going to have a field day on this one...
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Submitted by LuckyInOC on May 21, 2008 - 12:55am
Check this article out ...
"Stricter lending is definitely taking its toll on the market, prompting the National Association of Realtors' president to lash out this week at the current state of private lending practices.
"It appears there is some overreaction on the part of some lenders now in requiring higher down-payment percentages than may be necessary," said Richard F. Gaylord, the group's 2008 president and a RE/MAX broker in Long Beach, Calif., in a statement this week."
Oh the humanity of it all...
This is classic...
Lucky In OC
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