Today’s Talking Point 11/13/09

**UPDATE**

The slideshow for Steve’s NAR presentation can be found by clicking this link:

http://steveharneyblog.com/2009/11/30/steve-harney-nar-presentation/

-The KCM Crew

[Now back to your regularly scheduled post…]

Well, I’m in San Diego at the NAR Conference and EXPO. Had the opportunity to sit and talk with some power players who were willing to discuss some controversial issues but only off the record!

These are friends who’s opinions I trust very much so let me share with you some things I heard.

– Four of the largest banks are doubling and tripling the size of their short sale departments in preparation for a simplification of the short sale process.

– Mortgage rates this time next year could be 1 to 2 points higher than they are today.

– If anything, future foreclosure inventory is being underestimated not overestimated.

– FHA may raise minimum downpayment from 3 1/2% to 5%

Today, I will be keynoting the LeadingRE Sales Rally, attending the LeadingRE broker session, attending the Power Broker Forum and then attending the Power Broker Dinner.

I should have alot to report on tomorrow so check back.

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