Despite the exultations of doom and gloom from Wall Street, buyers are still looking to buy houses in the Northeast. I feel that housing prices have stabilized in the NE while prices in the SE continue to retreat from their highs of a few years ago. I am seeing a little surge in prequalification requests from our referring Realtor offices. It seems that the President's Week Holiday was the start of the spring buying season. If you are thinking of getting into a house, get out there and see what is available. Do not forget to contact us to discuss what you can afford. Take a look at our website, www.empirehomemortgageinc.com , for answers to your financing questions. You can even fill out a no cost application there.

It seems that what pundits say that the President's Day is the start of the spring buying season is true. We have had a significant increase in mortgage inquiries since that Holiday. Particularly in the New York market. Prices for single family residences have come down slightly for the NY market. Buyers are active and are seeking new financings. Florida inquiries, on the other hand, remain slow. With most of Florida being grouped in a declining market area and loan to values being reduced by 5% purchases are a tough sell and refinancings are hard to get the value needed. In most cases values are lower then what homeowners owe! Check out my website, www.empirehomemortgageinc.com , for suggestions on locking in rates or answers to your questions.