Courtney Colby -The Colby Team's Advice

Does anyone know of any other place in the country where you can get 1%+ of the purchase price in rent (a $100K home rents for $1,000/mo) these days?  I get so many calls every day from people looking to pay top dollar for decent rentals.  Amazing...

For those military folks out there...  the current tax credit deal is you have to be under contract by April 30th 2010 and close by June 30 2010 in order to receive an $8,000 tax credit (for first time homebuyers) or a $6,500 tax credit (for existing homebuyers). HOWEVEVR, if you are military and have deployed for at least 90 days since January 1st 2009, this benefit is extended.  You now have until April 30th 2011 to go under contract and must close by June 30th 2011 to receive the same benefit.

It is surprising to me that the "pendulum" has swung so far the other way that even good credit risks/buyers cannot get financing. I had buyers with no debt, credit scores over 720, lots of assets, and signifigant money in savings that still could not get quality financing.  Very frustrating to say the least.  I am concerned about the near future of the national housing market, not so much here in Enid, but as a country as a whole, I do have concern.