New Mexico continues to shine
Posted by Brandon Thienes at 12/29/2007 10:56 AM and is filed under uncategorized 
According to the most recent data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, the only region of the United States that had an actual housing sales increase in November of 2007 was the Western Region. Considering that home sales are down and foreclosures are up in California, Nevada, Arizona and Texas, this leaves the bulk of home sales increase to Utah, New Mexico and Idaho. In another recent article I read, it was stated that Nevada is once again the fastest growing state in the country, while New Mexico is the 13th. Yet, Nevada's overall home sales are still in decline while New Mexico is up almost 8% over the course of 2007. Not amazing numbers, but encouraging anyway.
Even though I do not fund residential loans, the reason I bring this information to you is two fold:
1) I am blowing my own horn in regards to my ability to foresee and target markets of future or continuing success (this helps my investors who trust me with my judgment for their placement of funds), and;
2) The fact that certain markets are down nationwide (and getting the most attention) doesn't mean that the real estate or mortgage industry has gone up in flames. This is an adjustment that was sure to come, and only an adjustment. Even though we've seen over 200 large mortgage companies close their doors; we've seen subprime mortgage all but disappear; and we've seen huge write-offs from mortgage investors nationwide, the world still needs homes, construction, commercial space and land. As long as there are people, there will be a real estate industry. Don't get discouraged during this time. Granted you might need to wait tables to supplement your income during a time when finding one or two loans a month is a daunting task, but perseverance is the key to success.
Whether you're a real estate investor, mortgage investor, mortgage professional, or curious reader, don't get swallowed up by the sensational tendency our culture has toward alarmism. A cool head and a steady pace will prove successful even amidst the heaviest of mortar fire.
Until next time, feel free to visit my site www.TheEquityExperts.com
Brandon Thienes, Exotic Funding Specialist
Even though I do not fund residential loans, the reason I bring this information to you is two fold:
1) I am blowing my own horn in regards to my ability to foresee and target markets of future or continuing success (this helps my investors who trust me with my judgment for their placement of funds), and;
2) The fact that certain markets are down nationwide (and getting the most attention) doesn't mean that the real estate or mortgage industry has gone up in flames. This is an adjustment that was sure to come, and only an adjustment. Even though we've seen over 200 large mortgage companies close their doors; we've seen subprime mortgage all but disappear; and we've seen huge write-offs from mortgage investors nationwide, the world still needs homes, construction, commercial space and land. As long as there are people, there will be a real estate industry. Don't get discouraged during this time. Granted you might need to wait tables to supplement your income during a time when finding one or two loans a month is a daunting task, but perseverance is the key to success.
Whether you're a real estate investor, mortgage investor, mortgage professional, or curious reader, don't get swallowed up by the sensational tendency our culture has toward alarmism. A cool head and a steady pace will prove successful even amidst the heaviest of mortar fire.
Until next time, feel free to visit my site www.TheEquityExperts.com
Brandon Thienes, Exotic Funding Specialist
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