Boston Real Estate for Sale

First the good news: The larger U.S. banks are coming back, and the banking system as a whole is slowly getting healthier.

According to  FDIC’s latest report.  81% of banks were profitable in the third quarter — the highest percentage since the middle of 2008, before Lehman went bust and everything fell apart.

Now the bad news: The number of banks on the FDIC’s “problem bank” list continued to rise — to 860, the highest number since the early 1990s. Most on the list are small to medium size banks.

Click on real estate banking chart to enlarge.problembanks

The big question: What impact will the rise in “problem small banks” have on Boston real estate buyers obtaining a mortgage?

Boston real estate agents in my office, are telling me that several of their buyers are jumping through hoops to obtain their mortgage approval. What do you see out there?

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