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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: flint who wrote (26074)	12/16/2004 5:51:27 PM
From: TH	Respond to of 306849

flint, I accept your general statements about GR as accurate, but GR is not the Detroit area. GR is "bible-belt North", and the protestant work ethic is alive and well. Don't forget Amway! The Detroit metro area loves the ARM, and we have a couple of the most innovative mortgage brokers in all the land. Rock Financial is not moving a lot of 30 year or 15 year loans, but I think their new "smart arm" where you just pay interest is very popular. If automotive continues to bleed jobs, housing in Detroit is going to get smashed. GT TH

To: flint who wrote (26074)	12/16/2004 5:51:33 PM
From: TH	Respond to of 306849

flint, I accept your general statements about GR as accurate, but GR is not the Detroit area. GR is "bible-belt North", and the protestant work ethic is alive and well. Don't forget Amway! The Detroit metro area loves the ARM, and we have a couple of the most innovative mortgage brokers in all the land. Rock Financial is not moving a lot of 30 year or 15 year loans, but I think their new "smart arm" where you just pay interest is very popular. If automotive continues to bleed jobs, housing in Detroit is going to get smashed. GT TH