Happy 2008, Thankfully Congress got our house bill passed and a whole lot of loans that were set to adjust are frozen. The banks who made these crap loans for people that were only done to benefit the banks are being held off and at bay by our government wearing shiny armor thank you Congress! Lawsuits by the banks are skyrocketing, good luck banks, I am sure you will find a sympathetic jury, NOT!

FICO just revamped their credit reporting system and released FICO 2008, it will hit the books in early spring 08! Accurate credit reporting is just around the corner. Sales are rebounding and I see Arizona recovering this year and next. thank God, and the Fed. I have my crystal ball out, I see the Fed discount window hitting 3.75 percent, equating to loans in the high four percents available for you and me! We need to keep our eye on the ball though, speculation carries risk, unless you are willing to accept it, do not get in the pool folks.

Real estate can be fun and rewarding but it is not for the fool hardy. Every boom another bunch of part timers appear and we do not need them, inexperience costs borrowers and lenders alike, unless you are making your primary career out of Real Estate please stay where you are and leave it to the professionals. Have a Happy and safe 2008!