“I think every person in the real estate industry has been impacted , from the appraiser to the real estate agent and mortgage companies,” said Huntington Beach appraiser Cindy O’Dell.
“It’s hard for all of us to make a living,” added Jack Williams, owner of a Brea mortgage brokerage and past president of the California Association of Mortgage Brokers.
These two were quoted in a Register article today that deals with the real estate slump and the effect it’s having on Orange County’s economy. Not too long ago, the real estate boom meant easy money for everyone from realtors to house cleaners, and from mortgage brokers to contractors. But now that the boom has gone bust, hard times are here again.
So how are YOU being affected by the real estate slowdown? Do you have any realtor friends? Have you had a job in the mortgage industry? How has your family been affected by stagnant home prices? How has your community been affected by the subprime lending meltdown?
I want to know what YOU think about the real estate slump. Are you being affected at all? And if so, how? Go ahead. Make my day. Have your say.