photo credit: statPaige

If you want to know whats going on in any situation, follow the money. Its always a sure fire way to investigate most state of affairs, and when talking about the economy, it is what to watch. What are the banks doing? Well in this case, the banks are hiring. Even with the record low home sales we have experienced recently, the banks have a more optimistic view of the near future.

JPMorgan Chase, a national lending firm, is hiring 1,200 new mortgage lending officers. Other banks and lending firms are also gearing up for a turn of events. Due to a decline in refinancing, housing experts claim that lending is expected to remain low, but it looks as though the banks, the ones doing the lending, disagree. The Mortgage Bankers Association states that loans for home purchases should increase steadily over the next tow years, but refinancing will drop this year.

Read the full article from CNN Money

Posted in Denver Colorado Real Estate, Real Estate Investing, Real Estate Market Conditions, Real Estate Industry

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