I am curious if anyone can provide me with a professional opinion on the sub-prime market. I have a loan that is fixed (THANK GOD) but I am wondering about the rest of the prospectus buyers out there. If they default on the loans they have how much longer does anyone think it will take to sell my home if and when I am ready? People are saying their will be hundreds of thousands of houses nationwide on the market. Also, does anyone know if Dallas has a higher percentage of sub-prime loans versus lets say Los Angeles? Thanks!

Dallas has fewer subprime loans than places like LA and Vegas.  Yes, a lot of them were sold here but not as many as in some of the other, harder hit areas.  It's almost November and we are experiencing a slow down, and a lot of foreclosures on the market - enough to put us at a years worth of inventory.  However, good homes always sell no matter what the market is doing.  If your house is in excellent condition and you price it correctly, it may take a little longer to sell because of market conditions, but it will sell - you just have to do the right things to make that happen.  The best agents in the world can't sell bad inventory unless it's just a steal for someone - and that does happen, but the number one reason homes don't sell is price and to some degree condition.  Usually gets blamed on the agent when in reality it's usually unrealistic homeowner expectation.  Good house, good price = good time on the market and a good sale.  And a good agent helps that happen.....