The national credit crunch is only going to get tighter, effectively slowing the local real estate market further than it already is, according to Aspen bankers who addressed a room full of realtors Wednesday at the Hotel Jerome….”Within the next year, interest rates will rise, banks will fall under tighter lending regulations, and credit will be increasingly more difficult to obtain”, according to Charlie Bantis, senior vice president of Vectra Bank, which is why “If he were a realtor, he would be telling potential buyers to get in now, credit-wise, before it gets worse.”
By Carolyn Sackariason, April 22, 2009, Aspen Times

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