Peruse the news wires or blogs and you’ll find countless posts on mortgage lenders shutting their doors, laying off lenders, and more. There is even an entire site devoted to “the mortgage lender implosion”.
But as Misty Williams reports in the East Valley Tribune, some lenders are actually hiring.
Scottsdale-based State Mortgage has added 12 to 15 new people, mostly loan officers, in the past six to eight weeks.
. . .
AmeriFirst Financial in Mesa has added 70 to 80 people in the past six months, bringing its total number of loan officers to more than 200.
Perhaps this is a good sign. Only time will tell.
I wouldn’t be so bold as to say the market is turning. There are still a ton of listings on the market and aggressive pricing is still very necessary to move a home in any reasonable amount of time.
But the time between Thanksgiving and New Year’s is historically the slowest time of the year for home sales. It’s encouraging to hear about lenders hiring and agents seeing increased buyer activity.
[tags]Phoenix real estate market conditions, mortgage lender implosion[/tags]