Wow, what is happening to our economy ? This seams to be the Million Dollar question on everyones mind !

Slack lending practices, out dated accounting principals combined with the uncertainty or our nations leaders, make quite an interesting time we are living in!

Well, here is my 2 cents worth! I am glad I own my own home, and with the roller coaster financial markets, I’m glad I have some of my retirement invested in rental property too!

I think we saw the eye of the storm this Summer as the economy appeared to be picking up, and now the eye has passed and we are seeing the back end and repercussions of the storm! Normally the tail of the storm is shorter and less destructive then the lead way and this too shall quickly pass!

The interest rates are still at record lows, sellers are having to discount their homes in order to sell them, and more people are becoming renters again, after taking on too much debt, and the increasing restraints in both the credit & financial markets.

I think this is Now a tremendous buying opportunity ! Not the flipping market we saw several years ago, but a different attitude of buy and rent!

Due to the increasing foreclosure rates and fraudulent lending practices that help create this “Perfect Storm” in the secondary mortgage & credit markets, They have implemented several changes in the qualification for rental properties. I would love to provide you with this information, and meet with you if you are considering investing in some Real Estate at this time.

Since we are not getting any re-assurances from our government or political candidest, I want to let everyone know “I think everything will be alright!”

We need to keep a positive attitude during these time, and focus on the positive ray of sunshine piercing the clouds! Its clean up time, lets buy!

 Mark Rusnak is a Real Estate Professional with RE/MAX Allegiance @ 505 S Independence Blvd #111 Virginia Beach.  He can be reached at 757-718-8865 or www.marksold.com.