It's was another busy week in Real Estate in the Gorge. Not that houses are flying out the door but there is a steady stream of sales and new listings.

I'm sure you have all heard about the recent foreclosure debacle, it seems that many were not

processed correctly and now they are halting the ones in process to review documents to be sure that they have been done correctly.

This is going to extend the timeframe for getting these properties on the market, sold and out of the inventory so the recovery can commence.

Good news for buyers is that it will keep prices down and give them more time. Interest rates are so low right now too. This is really a great opportunity to buy in The Gorge, there are great deals in Hood River, White Salmon, The Dalles and tremendous opportunities in Cascade Locks and North Bonneville.

I don't know if words can describe the feelings we have enjoying the last few days of late summer. The trees are just turning, the sun is lower in the sky and is lazy getting up in the morning. But she still smiles on us all day long, while we work and play through our day in the Gorge.I feel melancoly, knowing that soon it will be wet and cold. We take solice in the fact that this means SNOW!! and many of us love to play in the snow or just look out at it. So pretty and full of sparkles.But I'm a summer junkie....and though I love winter too I will miss the warmth of the sun and her beautiful rays of gold...
The saying goes, "absence makes the heart grow fonder" and I certainly have more of an appreciation for summer now than I did growing up in California :)

Real Estate is so interesting these days, it's full of suspense and drama. The latest with the foreclosure situation is that some banks are having to take a second look at properties that they have foreclosed on to be sure the files were propertly processed. Yikes!! Tens of thousands of them.

Some states are holding off on processing any more for the time being, checking their processes and procedures to be sure it's all up to snuff.

What does this mean for us trying to sell real estate and make a living? Well it takes approximately 400 plus days to process a foreclosure. And figure there are hundred of thousands to be processed so best case sceniro is to process them asap and get them sold and off the books and inventory lists so the the market will get back to a more balanced place.

But this sceniro delays that, and keeps us in the declining market longer.

Which is not so bad if you are a buyer. But if you are a seller it means your home could be on the market for another year.