Lending Up, Profits Down
September 30th, 2009
As I’m sure most of you have heard, lenders have finally started letting some credit flow. Lenders in the Greater Cincinnati/Northern Kentucky area increased their lending by about 3% last quarter, far ahead of the national lending average.
Banks also in this area had over $73 million worth of foreclosed property on their books. So the refinancing rates appear to be helping out home owners and some first time buyers. But it looks as if there is still a glut of property out there for the investor to pick up some really incredible deals.
The complete article is worth the read.
Leave a Reply
You must be logged in to post a comment.