“Buyers do not want to wait. Once the house-buying craving sets in, the potential buyer wants a house NOW without doing their homework about how much they can afford or working at fixing their credit history. People like me who have encouraged buyers to take it slow, fix your credit, do your homework, buy what you can afford have been drowned out by the ‘get it now’ financing advertising.”
– Diana Brodman Summers, a lawyer from Lisle, quoted in Sunday’s Chicago Tribune on the reasons for the current slump in the housing market
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