Economic recovery is the focus of Realtors' regional real estate forum
While the latest figures are encouraging and show improvement, members of the panel warned the group that it’s early in a process still redeveloping with new regulations and much more scrutiny from lenders before approving mortgages.
“It may be tough love. It may be simply telling them really there isn’t much of a solution or it may be a path to a fix that will actually help them stay in their homes,” said Christon, whose agency specializes in programs designed to assist low- and moderate-income families.
The Greater Manchester/Nashua Board of Realtors presented the event, which included six speakers covering different aspects of the market and recovery.
She said Realtors can also be an asset with straight information from within the community that is much more reliable than online advice.
“At the end of the day, self-regulation is the best answer to this,” Adams said.
“You would not believe the amount of people that don’t pay their taxes,” she said.
White said those people are shocked to learn that will prevent them from getting a mortgage.
“Now we’re in a market we’ve never been in before, which is the foreclosures and the short sales,” White said.
“They still feel they want to come out now and buy housing, and that’s an issue for all of us,” she said.
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