I noticed an interesting article on the KCM Blog this morning. It is an article from the Los Angeles Times regarding the availability of mortgages. You can read it here.
After the mortgage debt crisis, the loan standards were drastically tightened. The pendulum swung from the far left to the far right. Lets hope it lands somewhere in the reasonable, practical middle.
Have a nice day and call me if you would like to buy or sell a home. I will treat your transaction as if it were my own!
PS photo is a courtesy of free digital photos