It's Friday and it's Raining

Here in Huntsville, Al., we have been under drought conditions for the last 18 months. We have had an inordinate amount of rain and we are catching up!! The real estate market is also catching up, after several months of it being quiet, we are now seeing the buyers return to the market. In our office we are having our phone and Internet traffic pick-up considerably. Mortgage availability is the life-blood of sales so we are watching cautiously as this new batch of sales contracts work there way through the loan process. So far, we are not seeing a trend of deals going sour because of mortgage "glitches". FHA loans seem to be the exception, several of those have been moved from automatic approval to manual underwriting. Oh well, I have been doing this for 25 years, all you can do is stay sharp[. As my grand daddy uses to say, "son, keep your powder dry and your rifle scoped"