Wednesday, December 31, 2008

Financing in 2009

Wow. I don't recall wanting a year to end as much as this one, well, maybe other than 2007. Looking at financing and credit markets in the first two quarters of 2009, I don't see anything "technical" that is going to be a bright spot, however, the touchy-feely vibe of a new administration may be the confidence booster that starts people from hoarding and recoiling. The plan to infuse cash into American's pockets, as predicted in previous postings, went straight into the mattress or into vital staples to sustain life; No extra cash for play things or speculation and driving consumer confidence to its lowest rating. 2009 just might bring some optimism to slightly counter-balance the tight markets. There are some great loan programs for loans in two tiers: $417,000 and under and 625,00 and under. The New Year will bring a New Look to www.PTRE.net, launching January 5th, 2009. Pat Townsley. 415-485-1776

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