My brother has is a vy active real estate appraiser (he is the name partner in the top firm in his town) in a big market in the South. He says to me that things get hot, then they get cool...then they warm up slowly. And the whole things starts over again. His clients include all the big banks, and no one is worried.
I think we agree?
I think we agree?
The banks are ALWAYS making $$.. on the way up and on the way down. So do the appraisers, real estate agents, lawyers, etc. Only the buyers and sellers get pinched.