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In all things, there is a law of cycles ~ Tacitus

I met Dan Green from The Mortgage Reports back in 2007. Dan is a mortgage market expert and from Cincinnati, Ohio. In early 2008, during what we now know was the mortgage meltdown and housing crisis, he put together a 5 minute video illustration of how mortgage guideline changes impact homeowners. Since that time, I have referred back to this video many times when explaining just what happened to home buyers, sellers and fellow Realtors. It shows visually how the changes in lending guidelines led to the fall of the real estate market.

Because everything in life is about cycles, and I am a firm believer in learning from history, I feel that this is a good video to share with you now. Not that I predicting that we are headed towards another mortgage melt down, but rather to make sure that we keep our eyes on the horizon of the real estate and mortgage industry. I hope that you find this interesting and worth 5 minutes out of your day. And thank you Dan Green for allowing me to share this (even if it has been almost 10 years since I first asked permission).

For more information about Dan Green and The Mortgage Reports,

About Les Sulgrove

Les is an Iowa native born in Des Moines and raised in the southwest Iowa town of Bridgewater. He has been a resident of Des Moines since 1982 and has been married to his wife Linda for over 35 years. Together they have 3 grown children, 7 grandchildren and make their home on Des Moines south side. He has been a licensed REALTOR® since 1990 and is Vice President at VIA Group, REALTORS®. Les is the 2011 Past President of the Des Moines Area Association of REALTORS® (DMAAR) and received the award of Salesperson of the Year by DMAAR in 2007 for his involvement and service to the Association. Additionally, he is active at the Iowa Association of REALTORS® and serves on local, state and national committees. He also owns and operates the national technology networking group CyberProfessionals. This group of real estate professionals meets twice annually across the United States to learn from each other and share new marketing ideas with heavy emphasis on current and future technologies and their use in the real estate business. Les’ hobbies include golf, photography and sarcastic humor. He and Linda spend many Saturday mornings from Spring to Fall at the Des Moines Downtown Farmers Market. He enjoys spoiling his grandchildren at every opportunity.

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