I've certainly seen the slowdown locally, with an inventory that is so low that we can't find houses for would-be buyers. There are just too many people who are still underwater on their mortgages. One thing that I thnk needs to happen is for those people who are holding back because of imagined rather then real loss of value to get on with life. Many people, most in my own age group, are sitting there with homes that they own free and clear, yet they can't seem to let go of the value that they thought was there at the peak of the market. Those are imagined losses, not real losses. They exist only on paper and in the imagination of the owners.
This is one instance in which a saying that I really don't like applies - it is what it is - so get on with life. If you are sitting on a home that you'd rather sell and that you own, because you are waiting for the "value" to return to 2005-6 levels, you could be in for a long wait - one that you might not get to the end of in time to enjoy the retired life that you've waited so long to enjoy. The market is begging for houses right now. You'll get top dollar at the current market value and get it quicker than if you wait. So call me and let's see what your home is worth in today's market. The market analysis is free and it might allow you to see how you can get on with life by selling your home now.
Lots of people use credit scores for a great variety of reasons, obviously usually having to do with extending credit; however, in real estate they are also used as a part of the vetting process for would-be renters. Usually I advise people looking ot lease to go to one of the free credit report sites and pull their free credit report. Those reports don’t usually include a credit score, which the sites charge extra for; however, they do provide documentation of the current state of the credit of the would-be renter. Most landlords will accept just the report and not demand a credit score.
So, what is a good credit score? I guess that depends a little on who is asking and what criteria they are using. At the site credsitscorereange.net a poor credit score is shown as between 340 – 619, a fair credit score is between 620 – 659, a good score in the range of 660- 749 and an excellent credit score between 750 – 840.